Islamabad, Nov 27: November 2024 Inflation Projected to Stay Between 5.8% and 6.8%. In November 2024, the federal government has projected that inflation will stay between 5.8 and 6.8 percent.
The Ministry of Finance’s November 2024 Economic Update and Outlook states that Pakistan’s economy is seeing a steady rebound during the current fiscal year. It is anticipated that inflation will stay between 5.8 and 6.8 percent in November and then drop to 5.6 to 6.5 percent by December 2024.
The report asserted that the first four months had demonstrated better-than-expected development, as evidenced by declining interest rates, a noticeable rise in remittances and IT exports, and stable external and fiscal sectors.
In terms of agriculture, the wheat crop is currently being sown in order to reach the desired area and output. The government’s infrastructure for promptly and affordably supplying farmers with essential inputs is in good condition. LSM indicators, meanwhile, show a sector that is working to recover as While monthly performance indicates resiliency with modest output improvements in important sectors like automobiles and textiles, annual growth is still negative.
From July to October 2025, the current account became in surplus, supporting the sustainability of the external sector. According to the study, overall spending increased by 1.8% to Rs. 2,483 billion (up from Rs. 2,438 billion the previous year). In the meantime, the policy rate’s steady reduction caused the markup expenditure to drop by 5.3%.
As a result, the primary balance (surplus) reached Rs. 3,202 billion (2.6 percent of GDP) compared to Rs. 400 billion (0.4 percent of GDP) during the same period last year, while the fiscal balance pasted a surplus of Rs. 1,896 billion (1.5 percent of GDP) compared to the deficit of Rs. 981 billion (0.9 percent of GDP).
Pakistan has been actively involved in securing commitments for climate financing and mitigation measures, according to the report. Pakistan unveiled its two policies, the National Climate Finance strategy and the National Carbon Market policy, during Cop29, which was held in Baku this month. These policies aim to accelerate the deployment of clean technology and draw investment to sectors with significant potential for reducing emissions, in addition to mobilizing domestic and international resources to support climate adaptation and mitigation projects.
According to the projection, worker remittances, imports, and exports are expected to continue their upward trends. In November 2024, worker remittances are expected to be between $2.8 and 3.3 billion, imports will be between $4.5 and 4.9 billion, and exports will remain between $2.5 and 3 billion.
