Inflation in Pakistan has dropped to a 6.5-year low, reaching 4.9% in November 2024, thanks to the Special Investment Facilitation Council’s initiatives. The average inflation rate for the first five months of FY2024 stood at 7.88%, significantly lower than the 28.62% recorded last year. Urban regions recorded an annual inflation rate of 5.2%, bringing much-needed relief to consumers through reduced food and transportation costs.
Read more: Pakistan to Reduce Inflation to 7% by 2027: Finance Ministry
The Ministry of Finance has set ambitious goals to further reduce inflation to 7% by 2027, with intermediate targets of 12% by 2025 and 7.5% by 2026, alongside plans to boost economic growth to 5.5% and reduce the debt-to-GDP ratio to 66.6% by 2027.
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