Pakistan’s economic situation has significantly improved, according to the Ministry of Finance’s most recent monthly economic update.
The country’s inflation rate has been gradually declining, according to the report; in July 2024, it hit its lowest point in 32 months, signaling a favorable turn in the economy.
The inflation rate fell to 11.1 percent in July 2024, a significant decrease from the 28.3 percent that was noted in the same month of the previous fiscal year. The government’s economic policies, which were intended to stabilize the economy and lessen the burden on consumers, are considered to have been significantly successful in achieving this decline in inflation.
The report provides insight into other important economic indicators in addition to the decline in inflation.
