AVN 65.20 Increased By ▲ 0.25 (0.38%)
BAFL 30.74 Decreased By ▼ -0.77 (-2.44%)
BOP 4.80 Increased By ▲ 0.01 (0.21%)
CNERGY 3.71 Decreased By ▼ -0.13 (-3.39%)
DFML 14.21 Decreased By ▼ -0.20 (-1.39%)
DGKC 41.05 Decreased By ▼ -0.55 (-1.32%)
EPCL 46.45 Decreased By ▼ -0.25 (-0.54%)
FCCL 11.40 Increased By ▲ 0.11 (0.97%)
FFL 5.05 No Change ▼ 0.00 (0%)
FLYNG 5.80 Decreased By ▼ -0.02 (-0.34%)
GGL 10.33 Decreased By ▼ -0.12 (-1.15%)
HUBC 66.87 Increased By ▲ 1.23 (1.87%)
HUMNL 5.71 Increased By ▲ 0.05 (0.88%)
KAPCO 27.76 Increased By ▲ 0.01 (0.04%)
KEL 2.20 Increased By ▲ 0.05 (2.33%)
LOTCHEM 24.90 Increased By ▲ 0.55 (2.26%)
MLCF 21.44 Decreased By ▼ -0.04 (-0.19%)
NETSOL 83.60 Decreased By ▼ -1.19 (-1.4%)
OGDC 85.90 Decreased By ▼ -1.35 (-1.55%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.22 No Change ▼ 0.00 (0%)
PPL 74.48 Decreased By ▼ -1.22 (-1.61%)
PRL 13.43 Decreased By ▼ -0.22 (-1.61%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.40 Decreased By ▼ -0.93 (-2.25%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.40 Decreased By ▼ -0.24 (-1.53%)
TRG 111.41 Decreased By ▼ -0.29 (-0.26%)
UNITY 13.75 Decreased By ▼ -0.23 (-1.65%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Business & Finance

Economic rebound to continue, says finance ministry

  • Current account balance is expected to show a deficit of around $0.5 billion by the end of the current fiscal year, states Monthly Economic Update & Outlook June 2021
Published June 29, 2021
Follow us

The reopening of economic activity and acceleration in the vaccination process would likely continue the rebound in economic activity in coming months, said the Ministry of Finance.

“Pakistan economy has shown significant signs of economic recovery with fast resumption of economic dynamism," stated the Monthly Economic Update & Outlook June 2021 of the Ministry of Finance.

"In the recent budget 2021-22, the government has taken growth-oriented initiatives and will continue to follow the positive reform momentum which will help boost the competitiveness of Pakistan’s economy and lay a strong foundation for a more robust, inclusive and sustainable recovery."

Pakistan‘s inflation rate expected to remain 8-9.5pc in April

The report said that the trade deficit together with the structural deficit in the primary income balance is largely financed by the inflow of remittances and other secondary income receipts from abroad. “Taking all these into account, the current account balance is expected to show a deficit of around $ 0.5 billion by the end of the current fiscal year,” it said.

The outlook said that the growth momentum has lead to an expected strengthening of the export performance. “Exports of goods and services are expected to exceed $3 billion in June 2021. With imports expected to be about double the level of exports, the trade balance may settle at around $3 billion,” it said.

The CPI inflation decelerated to 10.9 percent in May 2021 compared to 11.1 percent in the previous month due to a fall in fuel, electricity and food prices. During July-May FY 2021, consumer inflation was recorded at 8.8 percent compared to 10.9 percent in the corresponding period a year earlier.

BISP board approves Rs250bn budget

“In June, new price impulses may come mainly from recent increase in international food and oil prices, following the observed strong recovery of the world economy. But due to government interventions, the pass-through into domestic price is expected to be limited,” said the report.

Comments

Comments are closed.

Economic rebound to continue, says finance ministry

PM Shehbaz says IMF giving Pakistan tough time over unlocking loan

Roshan Digital Accounts: inflow clocks in at meagre $110mn in January

Apex committee decides to engage Afghan govt for final action against TTP

Pakistan’s oil industry on brink of collapse, says OCAC

China says it ‘regrets’ unmanned airship’s entry into US airspace

Imran Khan decides against contesting by-elections on 33 NA seats

Fed seen hiking policy rate above 5% as hiring surges

Cotton arrival plunges 36% year-on-year

2 terrorists killed in North Waziristan: ISPR

KSE-100 retreats 0.64% as rupee falls further