Jameel Ahmad says policies made economy more resilient

SBP Governor Jameel Ahmad told global investors that prudent policies and reforms have strengthened buffers, growth and the fiscal position.

SBP Governor Jameel Ahmad said prudent policies and structural reforms have made the economy more resilient to domestic and external shocks.

He briefed foreign investors on the sidelines of the IMF-World Bank Annual Meetings in Bangkok from 12 to 17 October.

Inflation has slowed sharply from FY23 highs to almost within the FY26 target range; real GDP growth reached 3.7% in FY26.

Official reserves rose from under $3bn in February 2023 to $21.5bn by 9 October; forward liabilities fell to under $1bn.

The primary fiscal balance posted a third straight annual surplus in FY26, and he linked an IMF staff-level agreement to reforms and rating upgrades.

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