1/5 #SBP releases Second Quarterly Report on "The State of #Pakistan's #Economy" for the year 2019-20. For details:
English: sbp.org.pk/press/2020/Pr-…
Urdu: sbp.org.pk/press/2020/Pr-…
2nd #QuarterlyReport 2019-20: sbp.org.pk/reports/quarte…
2/5 According to the report, stabilization efforts & regulatory measures yielded notable improvements during the 1st half of FY20. Current account deficit contracted to 6-year low, foreign exchange reserves increased, primary budget recorded a surplus, and core inflation eased.
3/5 Importantly, export-based manufacturing showed signs of traction and construction activities picked up, indicating that the economy was on the path of recovery.
4/5 Progress under the #IMF program remained on track and the credit rating agencies maintained their stable outlook for #Pakistan during the review period.
5/5 Improvements achieved in some areas are tentative and require deep structural reforms to put the economy on a firm path towards sustainable growth. More details in report: sbp.org.pk/reports/quarte…
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