This fiscal year, according to Finmin Miftah Ismail, the economy should rise by more than 3.5%.

According to Bloomberg News’ report on Saturday, Pakistan’s Finance Minister Miftah Ismail anticipates that the economy will expand by more than 3.5% for the fiscal year that began in July.

According to the article, Ismail anticipated that inflation, which is currently at a 47-year high and is the second-highest in Asia, was approaching its peak and would average 15% for the year.According to Ismail, luxury goods restrictions may last longer than currently envisaged.

The minister continued, insisting that import payments should match dollar inflows, that he wants Pakistan to live within its means. He continued by saying that the government may postpone buying opulent products while still considering the current circumstances.

The International Monetary Fund (IMF) Executive Board on Monday authorised the seventh and eighth reviews of the $6 billion Pakistan programme, which had been in limbo for months due to frantic work.