According to the prediction of the federal government, inflation is anticipated to remain in the range of 5.8%-6.8% for November 2024 and then, as the year ends, to drop slightly to the band of 5.6% to 6.5% by December 2024. This excellent future projection, according to the Economic Update and Outlook report by the Ministry of Finance, is an indication that the economy of Pakistan is in a stable recovery.
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A few essential statements from the report reiterate many of the positive trends:
Inflation: There has been a steady decline since a peak last year.
Remittances and IT exports: The two areas soared to tremendous heights.
External and fiscal performance: Both sectors continue to record strong fortunes.
Interest rates: Constant downward trend favoring the full recovery of the economy.
Agriculture: Wheat sowing is timely, and government assistance is available to farmers.
Large-scale manufacturing (LSM): Though trending negatively in year-on-year terms, performance has been improving monthly, especially in textiles and automobiles.
Current Account: It reflects a surplus from July to October 2025, leading to better external sector sustainability.
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Fiscal balance: Surplus over the preceding year’s deficit amounted to Rs. 1,896 billion (1.5% of GDP) compared to Rs. 981 billion (0.9% of GDP).
Climate finance: Actively participating in securing climate finance commitments and their mitigation.
Looking into the future, the report expects these export, import, and workers’ remittance flows to sustain growth momentum. For that matter, exports are likely to stay within the ranges of $2.5 to 3 billion; imports will remain between $4.5 and 4.9 billion, while worker’s remittances are anticipated to be in the neighborhood of $2.8 to 3.3 billion during November 2024.