The economy is set to improve.
Pakistan's economy has seen a severe downturn due to the boom-bust cycle and is expected to recover, with a significantly lower predicted need for foreign finance for the current fiscal year 2023 of only $32 billion. As a result, the current account deficit (CAD), which is generally expected to be between $10 and $15 billion for FY23, is expected to decline significantly to $8.7 billion, and the key policy rate of the central bank has peaked at its present level of 15%. In a thorough assessment of Pakistan's economy's prognosis released on Monday, Topline Securities stated that the developments in the works are exhibiting "marks of economic stability." The benchmark KSE-100 index is expected to increase by 25% to 52,000 points over the remaining 11 months (Aug.–Jun.) of the current fiscal year 2023, signaling that it is time to re-enter the Pakistan Stock Exchange (PSX), according to the report. However, compared to the gov