The Ministry of Finance has released its latest economic outlook report regarding the country’s economic situation.
According to the report, the inflation rate for the current month (November) is estimated to remain between 5% and 6%, while Pakistan’s overall economic outlook appears cautiously positive. Food prices and agricultural output are under pressure, but industrial activity continues to show gradual improvement.
The monthly economic outlook report further states that the implementation of economic reforms has contributed to stabilizing economic activity. The overall outlook for crops indicates mixed trends, and the availability of adequate agricultural inputs is expected to improve conditions. According to the report, government-supported measures are likely to improve supply, and agricultural stability is expected during the Rabi season.
The Ministry of Finance notes that the economy is gradually moving toward stability, and the practical results of structural reforms have begun to appear. Fiscal discipline has improved, and revenue collection has increased.
According to the outlook report, the government will maintain a cautious approach to expenditure, while rising remittances reflect further improvement in the economic situation. The report states that the Large Scale Manufacturing (LSM) sector and IT exports have increased, while public debt has decreased by Rs. 1,371 billion.
The report adds that for the first time in five years, a quarter has recorded a significant decline in debt. Early repayment of expensive loans is expected to reduce financial risks, and the government’s strategy for economic stability is proving effective.
