Political uncertainty impacted GDP contraction and inflation challenges in FY23, says SBP Governor

In the Governor’s Annual Report for 2022-23, released belatedly as the first half of the current fiscal year concludes, State Bank of Pakistan (SBP) Governor Jameel Ahmed acknowledged that political uncertainty significantly impacted business and consumer sentiments, leading to a 0.2% contraction in real GDP in FY23.

The report revealed that the government’s fiscal and primary balance…