Pakistan Economy Grows 3.07% Buoyed by IMF Loan, Lower Rates.

Pakistan's economy grew by 3.07% in the last quarter, surpassing expectations due to funds from the International Monetary Fund (IMF) and lower interest rates. This growth is a positive development for a country that was facing political and economic crises, which nearly led to default last year. The influx of funds from multilateral lenders and friendly countries has helped stabilize the country, leading to strengthened foreign exchange reserves, eased import and currency restrictions, and lower inflation. The agriculture sector expanded by 6.76% during the quarter, driven by a bumper wheat crop, while the services sector grew by 3.69%. Prime Minister Shehbaz Sharif's government aims to achieve sustained growth through structural reforms and forecasts an expansion of 3.6% for the year through June 2025. [Extracted from the article]