IMF lowers Pakistan’s GDP growth estimate to 2.6pc in wake of century-high US tariffs

The International Monetary Fund (IMF) on Tuesday slashed its growth forecast for Pakistan to 2.6 per cent, citing the impact of US tariffs now at 100-year highs and warning that rising trade tensions would further slow growth.

The IMF released an update to its World Economic Outlook compiled in just 10 days after US President Donald Trump announced universal tariffs on nearly all trading partners and higher rates, currently suspended, on many countries. Pakistan was hit by a 29pc tariff on goods it exports to the US, which economists say could bring immediate hurdles but also long-term opportunities.

In January, the IMF had lowered the country’s growth estimate to 3pc for the current fiscal year, down fr...
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