比拉尔·侯赛因（新闻）巴基斯坦财政年度最后一个季度（截至6月）经济增长低于预期，表明复苏动能减弱，因为中东冲突对前景构成新风险。
By Bilal Hussain (News) Pakistan’s economy grew less than expected in the last quarter of the financial year to June, signaling a loss of momentum in the recovery as the conflict in the Middle East poses fresh risks to the outlook.
巴基斯坦统计局周一公布的数据显示，截至6月的三个月国内生产总值增长2%。这低于彭博社调查的经济学家预测的3.5%增长，以及今年1月至3月期间的4.42%增长。
Gross domestic product rose 2% in the three months ended June, data released by Pakistan Bureau of Statistics showed Monday. That compares with a 3.5% expansion forecast by economists in a Bloomberg survey and 4.42% growth in the January-March period.
在经历多年金融动荡后，巴基斯坦在获得国际货币基金组织贷款以及一系列主权信用评级上调的帮助下，经济稳定方面取得了进展，这些因素提升了投资者信心。然而，中东冲突现在威胁要考验这种复苏，因为更高的能源成本推动通胀上升，并给该国的对外财政带来压力。巴基斯坦对进口能源的依赖程度高，因此特别容易受到油价冲击的影响。原油价格持续上涨将增加该国的进口账单，给其货币和外汇储备带来压力。
Pakistan has made progress in stabilizing its economy after years of financial turmoil, helped by loans from the International Monetary Fund, and a series of sovereign credit-rating upgrades that have improved investor confidence. However, the conflict in the Middle East now threatens to test that recovery as higher energy costs fuel inflation and put pressure on the nation’s external finances Pakistan is particularly vulnerable to an oil-price shock because it relies heavily on imported energy. A sustained increase in crude prices would raise the country’s import bill, put pressure on its currency and foreign-exchange reserves.
这种外部压力的再次出现正值巴基斯坦仍在实施一项旨在加强财政和建立经济韧性的国际货币基金组织方案之际。
The renewed external pressures come as Pakistan remains under an IMF program aimed at strengthening its finances and building economic resilience.
央行迄今为止一直保持借贷成本稳定，因为它正在权衡通胀和增长的风险。它在9月份连续第三次会议上维持利率不变，下一次货币政策决策将于10月26日作出。
The central bank has so far kept borrowing costs steady as it weighs risks to inflation and growth. It left interest rates unchanged for a third straight meeting in September, with its next monetary policy decision due Oct. 26.
尽管存在这些风险，巴基斯坦在进入最新不确定时期时拥有更强的财政缓冲。外汇储备已升至214亿美元，而政府通过发行高收益债券创纪录地筹集了30亿美元，利用了全球债务市场的强劲需求。
Despite those risks, Pakistan enters the latest period of uncertainty with stronger financial buffers. Foreign-exchange reserves have climbed to $21.4 billion, while the government raised a record $3 billion from a sale of high-yield bonds, tapping strong demand in global debt markets.
穆迪评级在10月份上调了巴基斯坦的评级，理由是其外部状况更强、财政指标改善以及国内融资成本降低。这一举措紧随标普全球评级在7月份的类似行动之后。
Moody’s Ratings upgraded Pakistan in October, citing a stronger external position, improved fiscal metrics and lower domestic financing costs. That followed a similar move by S&P Global Ratings in July.