{"id":530767,"date":"2026-02-12T00:22:40","date_gmt":"2026-02-11T19:22:40","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=530767"},"modified":"2026-02-12T00:22:40","modified_gmt":"2026-02-11T19:22:40","slug":"sbp-chief-expects-broader-recovery-than-imf-forecast","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/sbp-chief-expects-broader-recovery-than-imf-forecast\/","title":{"rendered":"SBP chief expects broader recovery than IMF forecast"},"content":{"rendered":"<p>Karachi: State Bank of Pakistan (SBP) Governor Jameel Ahmad expects the economy to grow as much as 4.75% this fiscal year, pushing back against a recent downgrade by the International Monetary Fund. In written responses to Reuters, Ahmad argued the recovery is broader and more durable than headline export data suggest. The SBP raised its FY26 growth forecast to 3.75-4.75% at its January meeting, 0.5 percentage points higher than its previous range, despite a contraction in exports in the first half of the year and a widening trade deficit. The governor said differences in projections were not unusual and reflected timing issues, including the IMF\u2019s incorporation of flood-related assessments in its latest outlook. \u201cAll these sources and indicators, along with FY26-Q1 data, point to a broad-based recovery in all three sectors of the economy,\u201d he said. He added that the central bank believed that agricultural activity had remained resilient despite floods, and \u201cit is even performing better than its targets.\u201d He added that financial conditions had eased significantly following a cumulative 1,150\u2011basis\u2011point cut in the policy rate since June 2024, and that the full impact was still feeding through. This, he said, was supporting growth while preserving price and economic stability. Online<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: State Bank of Pakistan (SBP) Governor Jameel Ahmad expects the economy to grow as much as 4.75% this fiscal year, pushing back against a recent downgrade by the International Monetary Fund. In written responses to Reuters, Ahmad argued the recovery is broader and more durable than headline export data suggest. The SBP raised its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-530767","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP chief expects broader recovery than IMF forecast<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/sbp-chief-expects-broader-recovery-than-imf-forecast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP chief expects broader recovery than IMF forecast\" \/>\n<meta property=\"og:description\" content=\"Karachi: State Bank of Pakistan (SBP) Governor Jameel Ahmad expects the economy to grow as much as 4.75% this fiscal year, pushing back against a recent downgrade by the International Monetary Fund. In written responses to Reuters, Ahmad argued the recovery is broader and more durable than headline export data suggest. The SBP raised its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/sbp-chief-expects-broader-recovery-than-imf-forecast\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-11T19:22:40+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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In written responses to Reuters, Ahmad argued the recovery is broader and more durable than headline export data suggest. 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