Tough Global Economic Year Ahead: Governor SBP.
Interim Governor of State Bank of Pakistan (SBP) Murtaza Syed has said that the coming 12 months will be tough for the global economy due to the rise in global commodity prices.
According to details, interim SBP Chairman Syed Murtaza has said that the coming year would be tough on the global economy due to an increase in commodity prices. Pakistan's economy is not as bad as people are estimating, he added.
He said that Pakistan's debt to GDP ratio is 70%, while the foreign debt to GDP ratio is 40%. Pakistan's internal debt is significant, but controlling them is easier, he added.
The countries that get the IMF program will be safe from the coming economic hardships.
Moreover, Deputy Governor SBP Inayat Hussain told that Pakistan's foreign reserves are currently at $9.30...
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