RECORDER REPORT

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s gross financing need at 51.2 percent of the GDP in 2020. According to the IMF report Fiscal Monitor “Policies to Support People during the COVID-19 Pandemic,” the country’s debt to average maturity is estimated at 34.8 percent of the GDP in 2020. Further, an increase in government gross debt is projected by 1.9 percent to 85.4 percent of the GDP in 2020, against 83.5 percent in 2019.