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January 1, 2024
NO one in Pakistan expects a smooth ride in 2024. Business optimism hinges on assumptions such as political stability after the February elections, a successful agriculture harvest, decreasing inflation, moderating credit costs and improved management of energy and external sectors under the International Monetary Fund’s (IMF) guidance. M Abul Aleem, Secretary General, Overseas Chamber of Commerce and Industry (OICCI), expresses concern about politics overshadowing economic and business interests in Pakistan. He anticipates the next government will face a challenging economic situation, constrained by the need to comply with the IMF’s demand for fiscal discipline. (more)