Achi news desk-
The Ministry of Finance released the monthly outlook report for March, according to which Pakistan’s economic situation is improving.
The report of the Ministry of Finance said that a staff level agreement was reached with the International Monetary Fund (IMF), the last installment of the loan of 1.1 billion dollars will be received.
The report further stated that government policy initiatives have reduced funding requirements.
The Ministry of Finance report also said that the rabi season would produce good crops, with urea use reduced by 4.2 percent this season.
According to the report, payments decreased by 1.2% from July to February this financial year and remained at 18.1 billion dollars.
According to the report of the Ministry of Finance, during the first 8 months of this financial year, exports increased by 10% to 20.5 billion dollars. Imports from July to February were 34.1 billion dollars with a decrease of 8.8%.
According to the report of the Ministry of Finance, the tax collection of FBR increased by 29.8% to 5 thousand 831 billion rupees in the period between July and February of this financial year.
According to the report, tax-free income increased by 105% to 2,140 billion rupees in the current financial year, while foreign direct investment decreased by 17% to 820 million dollars.
According to the Ministry of Finance, 210.7 billion rupees were released for the federal development program with a decrease of 1.6%.
According to the report, the budget deficit during the first 7 months of this financial year was 2 thousand 720 billion rupees with an increase of 38%. During the first 7 months of this financial year, the base balance increased by 105% to 1 thousand 939 billion rupees.
According to the report, next month inflation will decrease to between 21 and 22 percent, this year the dollar rate has decreased by 5 rupees 54 paise.
The Finance Ministry report said that Pakistan’s economic and financial situation is improving every month.
