Pressure on external, fiscal accounts to persist: State Bank

SBP expects the GDP growth rate for FY18 will remain between five and six per cent against the 6% growth target set by the government. SBP’s state of the economy report has lowered its 6% inflation target to 4.5-5.5%, according to for FY17. It projects fiscal and current account deficits of 5-6% and 4-5% of GDP against the targets of 4.1% and 2.6%, respectively, for FY18.