Pakistan’s Inflation Drops to Lowest Level in 6.5 years

Pakistan's Inflation Drops to Lowest Level in 6.5 years

Pakistan has been in a position to experience decreases in its inflation rate after it hit its lowest point after more than 6.5 years this year from recent months of 28.62 percent to 4.9 percent. Some drastic changes in the economy were identified, and a lot of this credit goes to the SIFC.

This could be a new dawn for the country’s economy and a helping hand to citizens who are experiencing the pinch of the rising costs of living.

The government’s economic plan laid out by the Ministry of Finance is beginning to bear fruits as economic forecast shows inflation rate decreasing further. 

The inflation has been set at 23.4% in the year 2024 and has been planned to decrease to 12% in 2025, but in the year 2026, it is expected to decrease to 7.5% and in 2027 it intends to reach only 7%. These interventions are well calculated together with a projected economic growth with the view of raising the growth rate from 3.6 percent to 5.5 percent in the next three years.

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