Islamabad: The Ministry of Finance has released a monthly report on inflation.
In the report released by the Ministry of Finance, it is said that there is a possibility of an increase in inflation in the country, due to the difference in demand and supply of basic commodities, inflation is increasing, while the increase in the prices of petroleum products in recent weeks also increased the inflation.
The report said that inflation may increase due to the effects of floods, but there is a possibility of a decrease in inflation at the end of the financial year.
The report of the Ministry of Finance said that the government is determined to successfully complete the IMF program, reducing the pressure on the foreign exchange reserves by controlling the current account deficit.
According to the report, remittances decreased by 10 percent from July to February, exports decreased by 9.7 percent and imports decreased by 21 percent in the 8 months of the fiscal year, current account deficit decreased by 68 percent in the 8 months of the fiscal year, and foreign investment decreased by 68 percent. There was a decrease of 40.4%.
According to the Ministry of Finance, on March 29, the foreign exchange reserves of the State Bank were 4 billion 76 million dollars and the dollar rate on March 29 was 283 rupees 92 paise.
The report states that FBR tax collections increased by 18.2 percent in 8 months while the budget deficit increased by 4 percent from July to February.
