Ministry of Finance has released a monthly economic outlook report

Islamabad: A monthly economic outfall report has been issued by the Finance Ministry. Remittances, exports and imports were recorded in 7 months of the current fiscal year.

According to the report, the current account deficit surplus and increase in foreign investment were recorded. While the State Bank reserves increased and the value of the rupee was strengthened. State Bank reserves exceeded $ 11 billion 20 million.

Remittances increased by 25.2 % in July to January. And exports increased by 9.7 % in 7 months. Imports also recorded an increase of 16.8 % in 7 months.

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According to the report, the current account deficit was more than $ 68 million in July to January. The Federal Board of Revenue (FBR) revenue increased from July to December 26.2 %. From July to December, non -tax revenue recorded an increase of 82 %.

The fiscal deficit decreased from July to December 36.1 %. And in 7 months, the inflation rate fell from 28.7 % to 6.5 %. In January, more than 63,000 Pakistanis went abroad for employment.