The Ministry of Finance has released the monthly report for July, in which it is said that inflation is likely to increase in the coming months.
According to the Ministry of Finance, the effects of the two-time increase in electricity prices in August will affect inflation, the inflation rate is expected to be 29 to 31 percent in August.
In the report, the Ministry of Finance says that the prices of commodities are decreasing in the global market, due to which the prices of imported commodities in Pakistan may decrease.
According to the report of the Ministry of Finance, inflation will start to decrease due to tight monetary policy and economic decisions.
In the report, the Ministry of Finance has said that the government has started efforts to increase tax revenue, austerity is being adopted to control expenditure.
In the report of the Ministry of Finance, it is said that this year there will be an effort to limit the budget deficit to 6.5 percent, this year the primary surplus will be kept to 0.4 percent.
In the report, the Ministry of Finance says that the current account deficit has been increased to 2.4 billion dollars, Pakistan is facing economic challenges at global and local level.
The Ministry of Finance has stated in the report that remittances decreased by 19.3% in July, exports decreased by 4.6% and imports decreased by 23.5%.
In the report, the Ministry of Finance has stated that during this period the current account deficit decreased by 35.8%, foreign investment increased by 17.2%.
According to the report of the Ministry of Finance, the tax collections of FBR increased by 17.5%.
In the report, the Ministry of Finance also says that on August 29 this year, the value of the dollar was recorded at 303 rupees 6 paise, while on August 29, 2022, the price of the dollar was 221 rupees 92 paise.
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