Pakistan's Inflation Expected to Rise 1-3% in April

Pakistan's Ministry of Finance has projected that inflation will remain stable between 1% and 1.5% in March 2025, with expectations of a slight increase to 2% to 3% in April. This stability follows a significant decline from a peak of 40% in May 2023, attributed to support from an IMF bailout and economic reforms. The economic outlook reveals positive trends, including increases in remittances, exports, and tax revenue, though challenges such as rising food prices persist. The country's fiscal deficit has decreased, with net federal revenues rising significantly. Additionally, the agricultural sector shows improvements, supported by government initiatives, and the automotive industry is experiencing robust growth. Overall, while there are encouraging signs of economic recovery, inflation remains a critical concern.