Interest rates, inflation, and remittances have improved, according to the Finance Ministry.
With the help of external stability and policy reforms, the Finance Ministry’s most recent monthly economic outlook report shows improvements in interest rates, inflation, exports, and remittances.
According to the research, a long-term economic recovery is in progress for the current fiscal year. Investment, tax revenue, rupee appreciation, and foreign exchange reserves were all areas that showed growth.
Interest rates and inflation.
November inflation is predicted to be between 5.8% and 6.8%, and December inflation is predicted to drop even lower to 5.6% to 6.5%.
Better monetary conditions are reflected in the policy rate’s reduction from 22% to 15%.
Industry performance and export growth
The fiscal year’s first four months saw an 8.7% increase in goods and services exports, which topped $13 billion.
Over the course of four months, production in the auto and textile industries increased.
Mixed outcomes were observed in industrial production, with notable growth in industries like:
Vehicles: 51%
Buses and trucks: 80 percent
55% of Jeeps
However, the output of large-scale industries fell by 0.8% overall, while tractor manufacturing fell by 54.2%.
Remittances and foreign investments
Remittances increased by 34.7%, totaling $11.84 billion from July to October.
Foreign direct investment (FDI) rose by 32% to $904.3 million, while total foreign investment grew by 56%, exceeding $1 billion.
Reserves of foreign money and currency stability
The amount of foreign exchange reserves increased to $11 billion from $7.38 billion.
With the value of the dollar falling by Rs8.7 from the previous year to Rs277.80, the Pakistani rupee gained value.
Improvements in the current account and the budget
With a 25.3% increase, tax income reached Rs 3,443 billion.
Between July and October, the current account showed a $218 million surplus.
Imports of machinery and agricultural products
In the first four months, agricultural machinery imports increased by 71%, bolstering the agricultural industry.
The Finance Ministry reports that September inflation was 7.2% and July through October inflation was 8.7%. The economic recovery is supported by external stability and ongoing governmental support; it was also mentioned. A minor decline in large-scale industry output is one obstacle