The monthly economic update outlook report on the economic decimals of the Ministry of Finance continues

The monthly economic update outlook report on the economic decimals of the Ministry of Finance continues

The process of gradual recovery of the country's economy continues, inflation is expected to be 28.5% in December, inflation is expected to be 25% in January 2024, exports are more than 3 billion dollars on a monthly basis from August 2023. Outlook report

In the monthly economic update outlook report on the economic indicators of the Federal Ministry of Finance, it is said that the process of gradual recovery of the country's economy is continuing, inflation is expected to be 28.5% in December, and inflation is expected to be 25% in January 2024. It is expected. According to the details, the supervisory Federal Ministry of Finance has released the monthly economic update outlook report on economic indicators. The report said that the gradual recovery of the country's economy is ongoing. The performance of the sector is looking positive, production targets for rabi season have been achieved, wheat production area in Punjab has increased by two percent.

Foreign investment increased by 8.1 percent from July to November.

Remittances rose 3.6 percent on an annual basis in November. Spending increased by 35 percent from July to October. Running costs increased by 44 percent from July to October. Interest payments increased by 63% from July to October. Inflation is expected to remain at 28.5 percent in December, the report said.

Inflation is expected to ease to 25% in January 2024, with exports expected to exceed $3 billion on a monthly basis from August 2023. Exports increased by 5 percent from July to November. Imports fell by 16 percent from July to November, while the current account deficit narrowed by 64 percent from July to November. From July to October, the budget deficit decreased by 31.3%, this season wheat cultivation was done on 8.733 thousand hectares instead of the target of 9 million. From July to November, exports, FBR revenue, and credit to the agricultural sector recorded growth. Foreign investment was recorded at 69.48 million dollars with an increase of 8.1%.