“As per the assessment of SBP’s analysts, the inflation rate in the coming fiscal year is expected to be in a range of 20-22%,” said Ahmad. “The Monetary Policy Committee also noted that inflation will be lower in the coming months, and will especially decline in the second half of the fiscal — from January to June.
“The SBP’s medium-term outlook for inflation remains at 5-7%, We will see inflation come down to this level by the end of fiscal year 2025.”
Ahmad added that the committee deliberated on Pakistan’s economic outlook and endorsed the assessment that growth is expected to be around 2-3% in the ongoing fiscal year.