The International Monetary Fund (IMF) has cautioned that Pakistan’s economic growth has slowed and is projected to reach just 2.6 percent.
The IMF noted that escalating global trade tensions are likely to impede worldwide economic growth, with Pakistan among the countries expected to be hardest hit.
On Tuesday, the Fund revised its growth forecasts downward for the United States, China, and several other countries, citing tariffs imposed by the United States—now at their highest levels in a century—as a key factor.
The updated assessment, released under the IMF’s World Economic Outlook, comes just ten days after U.S. President Donald Trump announced broad tariffs on exports from nearly all major trading partners, with additional increases anticipated for many countries.
Although the implementation of these tariffs has been delayed, Pakistani exports are expected to face a 29 percent tariff, with estimated losses totaling $700 million.
