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

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3 months ago

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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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Issues Affecting Pakistan’s Textile Mills Industry: The Government Is Determined To Address Textile Industry Concerns: FM

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Muhammad Aurangzeb, minister of finance, has stated that the government is firmly committed to helping the textile industry in every way possible.
He made this pledge today in Islamabad during a meeting with the All Pakistan Textile Mills Association’s leadership.
In order to guarantee the long-term sustainability and future expansion of Pakistan’s industrial sector, the Minister also reaffirmed the government’s commitment to addressing important tax, energy, and funding challenges.
He welcomed the APTMA office-bearers and gave the delegation his word that the government is committed to resolving the issues facing the textile industry since it understands how important it is to Pakistan’s economy.
Muhammad Aurangzeb underlined that resolving the fundamental issues facing the sector is essential to establishing an atmosphere that is favorable for industrial expansion, promoting economic stability, and bolstering the country’s overall growth trajectory.

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As the MPC meeting draws closer, stocks rise.

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On the final working day of trading, the Pakistan Stock Exchange (PSX) maintained its optimistic trend.

After rising more than 900 points, the benchmark KSE-100 index stabilized around 114,684 points.

The forthcoming Monetary Policy Committee (MPC) meeting on March 10 is allegedly connected to the bullish trend.

Recall that the KSE-100 index gained over 1,400 points on Thursday before closing at 113,713 points.

The greenback, on the other hand, dropped Rs0.07, from Rs279.82 to Rs279.75.

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FBR to Enhance Revenues: Enacts Significant Reforms, Attains Record Revenue Collection

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The Federal Board of Revenue has effectively executed significant reforms in the past year, enhancing tax administration, compliance, and digital transformation under the leadership of Prime Minister Shehbaz Sharif.
The FBR implemented AI-driven risk identification algorithms to improve tax audits and introduced a customer relationship management dashboard for real-time compliance monitoring.
Moreover, AI-driven Customs Intelligence and digital invoicing systems have transformed tax collection and customs operations.
The implementation of faceless customs assessment has markedly diminished clearance waits, optimizing international trade.
The unified sales tax return has streamlined the tax filing procedure, while the continuous advancement of a tier-3 data center seeks to enhance data security and AI-driven surveillance.
To enhance transparency, the FBR digitized its litigation management system for faster dispute resolution.

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