According to the Pakistan Business Forum (PBF), the year 2022 will be the "worst” for Pakistan’s economy.
Ahmed Jawad, vice president of the Pakistan Business Forum, claimed that it is now essential to maintain the economic policies.
In the current fiscal year of 2022–2023, he forecast that Pakistan’s growth rate would remain at 2%. Ahmed Jawad added that Pakistan will have to pay $26 billion in 2023 to service its foreign debt.
Pakistan needs the assistance of more powerful economic nations.
The PBF official urged the Pakistani government to maintain a balance between the processes of reform, relief, and rehabilitation.
Ahmed Jawad said in a statement regarding the Pakistani rupee’s depreciation that it could reach Rs49.30 against the US dollar in 2022.
In an earlier statement the Pakistan Business Forum (PBF), had demanded from the central bank to take necessary measures to stop market speculation and resolve the issue.
In a statement, Ahmad Jawad said, “Pakistan’s economy continues to slump despite a resumption of the IMF programme”.
He had called upon Finance Minister Ishaq Dar to announce a clear policy on the rupee to ease the pain of traders and to save the industries.”
