Pakistan, Oct. 22 -- Finance Minister Muhammad Aurangzeb has said that Pakistan's target of over 4% economic growth this year is now difficult to achieve due to the impact of recent floods. Speaking to Chinese media, he explained that despite the challenge, the government remains hopeful of achieving around 3.5% GDP growth by the end of the fiscal year.

He noted that Pakistan has made key gains on the economic front, including stronger foreign exchange reserves, reduced inflation, and a lower policy rate. The current reserves, he said, are enough to cover two and a half months of imports, offering some stability in the external sector.

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Aurangzeb added that inflation has no...