Inflation expected around 6pc in November, economic outlook report says

ISLAMABAD (Dunya News) – The Ministry of Finance has released its Economic Outlook report, giving a glimpse of Pakistan’s economic performance.

According to the report, inflation in November is expected to reach around 6 percent, with food prices and agricultural production pressures contributing to a possible rise.

The report points to a positive economic scenario, with industrial activity steadily improving and reforms bringing stability to economic operations. Agricultural supply is expected to remain stable during the Rabi season, signaling gradual progress toward overall economic stability.

The report also notes improvements in fiscal discipline, increased revenues, and growth in remittances, all contributing to a more stable economic outlook.

The LSM (Large Scale Manufacturing) sector and IT exports have shown growth, while early repayment of expensive loans is reducing financial risks, reflecting the effectiveness of government strategies.

Regarding trade performance, exports between July and October of the current fiscal year increased by only 2 percent, while October alone saw an 8.6 percent decline.

Remittances grew by 9.3 percent in July–October and 11.9 percent in October. Investment during July–October was down 26 percent, though October recorded a 22 percent rise.

The dollar rate has remained fairly steady, moving from 278 PKR last fiscal year to 280 PKR in the current fiscal year.