ISLAMABAD: The Ministry of Finance has apprehended prospects of slight improve in inflation to three.0-4.0pc in March earlier than Eid ul Fitr, ARY Information reported on Thursday.
The ministry in its month-to-month financial outlook report at the moment, stated that the buyer worth index (CPI) inflation would stay steady in present month of February.
“Inflation is anticipated to stay throughout the vary of two to a few per cent in February 2025,” the report stated. Nonetheless, there are prospects of slight hike to a few to 4 p.c by March,” the report stated.
Inflation has eased since final 12 months with CPI coming in at 2.4% in January in comparison with 24% in the identical month final 12 months.
Authorities have credited the downward pattern to financial stabilization below a $7 billion Worldwide Financial Fund program secured final summer time.
An IMF mission is because of arrive in Islamabad subsequent week for the primary evaluate of the worldwide lender’s facility.
“The first surplus is predicted to enhance additional within the coming months,” the ministry stated, pointing to one of many benchmarks recognized by the IMF.
The report additionally stated that overseas remittances, an important lifeline for Pakistan’s economic system, had been anticipated to rise.
“Employees’ remittances recorded sturdy inflows of $20.8 billion throughout July-Jan FY2025, marking a 31.7% improve over $15.8 billion final 12 months,” the ministry stated.