Achi news desk-
State Bank Governor Jameel Ahmed has said that the inflation in Pakistan in the past year has dropped sharply to the lowest level of 20.7 percent in March 2024 from the highest level of 38 percent in May 2023.
According to the State Bank spokesperson, while briefing foreign investors in Washington DC on Pakistan’s improved economic situation, State Bank Governor Jameel Ahmed said that the external sector has also stabilized, which is reflected in July. It is February in fiscal year 2024. The current account deficit fell sharply to $1 billion from $3.8 billion in the same period last year.
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According to the spokesperson, the Governor of the State Bank attended a number of events organized by the best global banks and financial companies including JP Morgan, Citibank and Jefferies on the sidelines of the IMF World Bank spring meeting in Washington DC. Meet international investors.
The State Bank Governor informed the participants about the significant improvement in Pakistan’s economic situation in the past year as a result of accommodative monetary policy, proper financial integration and the initiation of major structural reforms.
Jameel Ahmed said the inflation rate in Pakistan has fallen sharply over the past year to a two-year low of 20.7 percent in March 2024 from a peak of 38 percent in May 2023.
