Islamabad (TDI): Finance Minister Muhammad Aurangzeb said on Wednesday that Pakistan achieved a current account surplus after ten long years.
He made these remarks while chairing the Economic Coordination Committee’s (ECC) meeting in Islamabad.
Speaking on the occasion, the finance minister stated that economic indicators showed positive trends thanks to the government’s business-friendly policies.
“This comes on the back of a 35% increase in remittances YoY,” said Aurangzeb, adding that remittances are expected to hit $35 billion by the fiscal year-end.
Read More: Aurangzeb: Prudent Policies Put Economy Back on Track
“Moreover, Roshan Digital Account (RDA) inflows have crossed $9 billion,” he added.
The finance minister noted that the government was committed to building on this progress to achieve sustainable growth and stability.
To main economic momentum, we are working on various plans including, investing in agriculture, manufacturing, and infrastructure, and implementing financial reforms, he added.
Inflation Drops to 4.9 %
The ECC also reviewed a significant drop in inflation, with the Consumer Price Index (CPI) falling to 4.9% in November, the lowest since April 2018.
Read More: Aurangzeb Stresses Need for Policy Continuity
The committee was informed that the prices of essential items, including wheat flour, petrol, sugar, chicken, and vegetables, have declined.
For instance, chicken prices fell by Rs49 per kilogram to Rs334, gram pulse dropped by Rs31 to Rs380, and mash pulse decreased by Rs20 to Rs508.
