Setting macroeconomic targets
KARACHI:
Pakistan’s economy has fared better than expected during the current fiscal year. This has emboldened the government to set an even higher growth target for next year – the fourth of its five-year term.
The government claims the economy grew about 4% this year and wants to take the growth rate to 5% next year.
Since Pakistan is back into the IMF lending programme, one can assume that the government has set next year’s macroeconomic targets with consent of the lender. But within Pakistan Tehreek-e-Insaf’s (PTI) own policymaking circles, questions are being raised over the viability of these targets.