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Remittances and exports increase during 7 months of current fiscal year

by Web Desk
February 27, 2025
in Business
Remittances and exports increase during 7 months of current fiscal year
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Islamabad: Remittances, exports and imports have increased during the 7 months of the current fiscal year from July to January.

The Ministry of Finance has released the monthly economic outlook report.

According to the report, the current account deficit surplus and increase in foreign investment were recorded, while the State Bank reserves increased and the value of the rupee remained stable.

From July to January, remittances increased by 25.2 percent, exports by 9.7 percent and imports by 16.8 percent. The current account deficit remained in surplus by more than $680 million from July to January.

The State Bank’s reserves increased from $8 billion to more than $11.2 billion.

FBR revenues increased by 26.2 percent from July to December, while non-tax revenues increased by 82 percent. The fiscal deficit decreased by 36.1 percent from July to December.

According to the report, the inflation rate decreased from 28.7 percent to 6.5 percent in 7 months. More than 63,000 Pakistanis went abroad for work in January 2025.

Tags: commissiongovernmentinternationalNationalsocial mediatime line news
Web Desk

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