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Ministry of Finance has released the monthly economic outlook.

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Ministry of Finance has released the monthly economic outlook.

According to the report, during the first five months of the current fiscal year, there was an increase in remittances and exports, as well as a rise in imports, foreign investment, foreign exchange reserves, and the value of the rupee.

The report stated that compared to the previous fiscal year, remittances increased by 33.6% in the current fiscal year. Remittances reached 14.77 billion dollars in the first five months. From July to November, exports grew by 7.4% and imports by 8.3%. Foreign investment increased by 42.2%, and the central bank’s foreign reserves rose from 7.2 billion dollars to 11.85 billion dollars. In four months, FBR tax revenues increased by 23.2%, and non-tax revenue saw a 101.3% increase.

The report also noted that in the past four months, the fiscal deficit remained a surplus of 495 billion rupees. The agricultural sector saw an 8.5% increase in loans, and inflation decreased from 29.2% in July-November to 4.9%. The production of large industries increased by 0.02% over the five months.

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