Pakistan’s inflation rate has reached its lowest level in nearly four years, with September’s rate recorded at just 6.9%, marking the lowest inflation rate in 44 months. This decline reflects a significant drop from previous highs, as inflation has fallen sharply from 29% down to 9.2%.
According to the Ministry of Finance’s monthly Economic Outlook report, several positive trends have also emerged. Remittances, exports, imports, and foreign investments have all seen increases, signaling steady economic activity. Additionally, the report highlights a remarkable 92.1% reduction in the current account deficit, a sign of improved economic stability.
Tax collections by the Federal Board of Revenue (FBR) also surged by 25.5% from July to September, while non-tax revenue grew by 20.8%, providing additional support for Pakistan’s financial resources. However, despite the overall economic progress, production in major industries has experienced a slight decrease of 0.19% over the past two months, indicating some challenges still facing the industrial sector.
These economic indicators present a promising outlook for Pakistan, showing efforts toward stabilization and growth, though continued focus on industrial productivity remains essential.
