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Mid-2024 figures from the country’s central bank and international bodies like the IMF paint a cautiously optimistic economic forecast. [62] The Pakistani government predicts the inflation rate will remain between 12.5-11% in June–July. Inflation rate of Pakistan was 9.8% in August. [63]
SMEDA is not only an SME policy-advisory body for the government of Pakistan but also facilitates other stakeholders in addressing their SME development agendas. Its main objective is to formulate Policy to encourage the growth of SMEs in the country and to advise the Government on fiscal and monetary issues related to SMEs. [4]
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
The Pakistani government is looking to tame inflation with fuel price cuts and a price-control mechanism, caretaker Prime Minister Anwaar ul Haq Kakar said on Monday. The South Asian country is ...
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Pakistan's new finance minister Ishaq Dar said on Wednesday he will work to rein in inflation while cutting interest rates, saying the rupee currency was undervalued and promising a strong ...
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [233] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [234] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [235]
Inflation forecast at 11.5%; Tax-to-GDP ratio set at 9.2%; FBR given target of Rs7 trillion; Deficit target set at Rs3.8 trillion; Total of Rs9.5 trillion in expenditure; Government salaries increased by 15%; No taxes for government employes making less than Rs100,000 per month; Families with incomes less than Rs40,000 to be disbursed Rs2,000