Tuesday, August 9, 2022

In the next financial year, the inflation rate may exceed 15%, the State Bank of Pakistan

Indicating further hike in policy rates by the State Bank of Pakistan, the Ministry of Finance has predicted that the ‘growth prospects’ of the economy will remain bleak in the next financial year in view of the current unfavorable global environment and high domestic inflation. ۔

Inflation in the country could exceed 15% in the next financial year starting Friday.

The Ministry of Finance’s Economic Advisory Wing (EAW) said in its monthly economic update for June and Outlook that despite a growth of 5.97% in FY2022, fundamental economic imbalances linked to domestic and international risks , Confusing the development scenario.

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