The Ministry of Finance, while issuing a monthly report, has said that there is a possibility of an increase in inflation in the country.
According to the report, inflation is increasing due to the difference in demand and supply of basic commodities, the increase in the prices of petroleum products in recent weeks has increased the inflation.
The report of the Ministry of Finance has stated that inflation may increase due to the effects of floods, while inflation is likely to decrease at the end of the financial year.
The report said that the government is committed to successfully completing the IMF programme, reducing the pressure on foreign exchange reserves by controlling the current account deficit.
According to the Ministry of Finance, remittances decreased by 10 percent from July to February, exports decreased by 9.7 percent and imports by 21 percent in the eight months of the fiscal year.
According to the report, the current account deficit decreased by 68% in 8 months of the financial year, foreign investment decreased by 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. On March 29, the dollar rate was 283 rupees 92 paise.
According to the report, FBR tax collections increased by 18.2% in 8 months, budget deficit increased by 4% from July to February.
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