Pakistan's target of 3.5% GDP in 2023-24 fiscal year 'realistic' - finance minister

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Pakistan's finance minister said on Saturday a projection in the government's budget of 3.5% economic growth for the year ending in June 2024 was a 'realistic target'.

A salesman looks at a television screen showing the Pakistan's Finance Minister Ishaq Dar presenting the budget for the 2023/24 fiscal year in the parliament in Islamabad, at a shop in Karachi, Pakistan, June 9, 2023. REUTERS/Akhtar Soomro/

The target was "on the lower side", Ishaq Dar told a press conference in Islamabad, a day after presenting theThe budget is being closely watched by the International Monetary Fund as the South Asian country seeks further bailout money during an economic and balance of payments crisis. The country faces a series of economy crises, exacerbated by a stall in bailout funding from the IMF, which analysts said was unlikely to be significantly impressed by the budget.

 

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