Islamabad July 31 2024: Inflation is expected to range 12.0-13.0 percent for July 2024 and 11.0-12.0 percent in August 2024, according to ministry of finance.
The CPI inflation was recorded at 12.6 percent YoY in June 2024, compared to 11.8 percent in the previous month and 29.4 percent in June 2023.
The agriculture sector growth target is set at 2 percent for FY2025. Due to a high base in the previous year, important and other crops are projected to keep a reasonable good pace of growth in 2024-25. Furthermore, livestock, fishery, and forestry are projected to continue on the growing trajectory due to favourable and encouraging environment. The recovery that began in the LSM will likely continue throughout FY2025, driven by a stable exchange rate, macroeconomic stability, and relaxed import restrictions.
It is expected that exports and imports will continue to observe an increasing trend and will remain within the range of $2.4-2.7 billion and $4.5-4.9 billion, respectively, in July 2024. Revived domestic economic activities, better agriculture output, stable exchange rate, improved foreign demand, and low global commodity prices will remain instrumental for external sector stability.
