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Interest rates, inflation, and remittances have improved, according to the Finance Ministry.

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With the help of external stability and policy reforms, the Finance Ministry’s most recent monthly economic outlook report shows improvements in interest rates, inflation, exports, and remittances.

According to the research, a long-term economic recovery is in progress for the current fiscal year. Investment, tax revenue, rupee appreciation, and foreign exchange reserves were all areas that showed growth.

Interest rates and inflation.

November inflation is predicted to be between 5.8% and 6.8%, and December inflation is predicted to drop even lower to 5.6% to 6.5%.
Better monetary conditions are reflected in the policy rate’s reduction from 22% to 15%.

Industry performance and export growth

The fiscal year’s first four months saw an 8.7% increase in goods and services exports, which topped $13 billion.
Over the course of four months, production in the auto and textile industries increased.
Mixed outcomes were observed in industrial production, with notable growth in industries like:
Vehicles: 51%
Buses and trucks: 80 percent
55% of Jeeps
However, the output of large-scale industries fell by 0.8% overall, while tractor manufacturing fell by 54.2%.
Remittances and foreign investments

Remittances increased by 34.7%, totaling $11.84 billion from July to October.
Foreign direct investment (FDI) rose by 32% to $904.3 million, while total foreign investment grew by 56%, exceeding $1 billion.

Reserves of foreign money and currency stability

The amount of foreign exchange reserves increased to $11 billion from $7.38 billion.
With the value of the dollar falling by Rs8.7 from the previous year to Rs277.80, the Pakistani rupee gained value.
Improvements in the current account and the budget

With a 25.3% increase, tax income reached Rs 3,443 billion.
Between July and October, the current account showed a $218 million surplus.
Imports of machinery and agricultural products

In the first four months, agricultural machinery imports increased by 71%, bolstering the agricultural industry.
The Finance Ministry reports that September inflation was 7.2% and July through October inflation was 8.7%. The economic recovery is supported by external stability and ongoing governmental support; it was also mentioned. A minor decline in large-scale industry output is one obstacle

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Endorsing Economic Reforms: WB Promises To Help Pakistan With Its Economic Difficulties

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obstacles and accomplishing its goals for development.

Senator Muhammad Aurangzeb, the Minister of Finance, and World Bank country director Najy Benhassine and his team met in Islamabad to discuss the resolution.

The Finance Minister stressed the value of working with the World Bank to assist Pakistan’s development strategy and economic reforms during the discussion. He valued the financial and technical support provided by the World Bank in a number of areas.

The Finance Minister reaffirmed the government’s dedication to resource efficiency, sustainable growth, and budgetary restraint.

During the event, the World Bank’s country director expressed gratitude for the government’s reform efforts and promised the organization will continue to support the government in important areas that were discussed.

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As the 100-Index surpasses 100,000, the PM congratulates the nation for setting a new record.

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Upon the 100 Index of the Pakistan Stock Exchange surpassing 100,000 points, Prime Minister Muhammad Shahbaz Sharif congratulates the entire country.

According to the prime minister’s statement, the first-ever crossing of 100,000 points on the stock exchange shows that investors and the business sector have faith in the government’s economic initiatives.

For reaching this milestone, he remarked, the government’s economic team and the leaders promoting investment in the nation deserve praise.

The prime minister had assured the populace that he would do everything within his power to support the nation’s economic growth and stability.

According to Shehbaz Sharif, he gave up his political career to keep Pakistan from going into default, and fortunately, it was not in vain.

He claimed that those who oppose the stability and advancement of the nation are attempting in vain to bring the nation to its knees once more.

According to him, the country’s inflation rate has further dropped, interest rates have risen to 15%, and remittances have hit all-time highs.

“The enemies of national progress and prosperity will not be allowed to succeed in their nefarious objectives,” the prime minister said, vowing to keep up his hard work for the country’s development.

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Khawaja Asif calls on the PTI to investigate Bushra Bibi’s questionable involvement in the demonstration.

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During the Pakistan Tehreek-e-Insaf (PTI) rally in Islamabad, Defense Minister Khawaja Asif urged the party to investigate Bushra Bibi’s questionable involvement.

The top PML-N leader claimed that Imran Khan and the PTI leadership had already agreed to hold a sit-in at Sangjani.

“Bushra Bibi should be commended by the government for putting an end to the PTI’s demonstration,” the seasoned lawmaker stated.

He stated that the PTI employees attacked D-Chowk at Bushra Bibi’s direction.

“The workers remained stranded, and Bushra Bibi and Ali Amin Gandapur, the chief minister of Khyber Pakhtunkhwa, fled the scene,” the defense minister stated.

According to Prime Minister Shehbaz Sharif, the nation cannot afford the bloody politics.

He was speaking on Wednesday at a cabinet meeting.

According to the prime minister, the PTI has consistently staged violent protests in the capital because its leader disapproved of democratic and political ideals.

He claimed that the reason Pakistan avoided default and turned the economy around truly troubled the PTI.

“Even our harshest critics concur and commend that the economic trajectory is now on the upward trajectory,” he stated. The PM asked if it was necessary to ruin everything for the sake of the PTI.

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