(24News) The Ministry of Finance, while releasing the monthly outlook report, announced the good news of a further reduction in the inflation rate to the people suffering from inflation.
While releasing the economic outlook report, the Ministry of Finance says that inflation is likely to be between 9.5 to 10.5 percent in August, and inflation is expected to decrease further to between 9 percent to 10 percent in September. Inflation in the country is likely to decrease in the coming months. In July 2024, the inflation rate was recorded at 11.1%. In August, inflation is expected to be between 9.5% to 10.5%. In September, inflation will further decrease to 9% to 10%. Expected between, the financial year 2025 has started with positive indicators.
Current account deficit has improved, FBR tax collections have exceeded the target, agricultural loan issuance has increased by 24.8%, according to the report of the Ministry of Finance, cotton production has decreased, cotton production is 858,000. It has reduced from bales to 4 lakh 42 thousand bales.
The report states that there is an increasing trend in exports, imports and remittances, exports are expected to be between 2.5 billion to 3.2 billion dollars in August, imports are expected to be 4 and a half to 5 billion dollars in August. Remittances are expected to be 2.6 billion to 3.3 billion dollars, stability in the external sector has stabilized the rupee, economic activities have been restored in the country.
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2024-08-31 08:00:33