Pakistan’s Ministry of Finance has announced a comprehensive strategy to reduce the inflation rate to 7% by 2027. The plan outlines a gradual decrease from the current 23.4% to 12% by 2025, further dropping to 7.5% in 2026. Additionally, the ministry forecasts an increase in the country’s economic growth from 3.6% to 5.5% in three years, alongside improving the primary balance from 1.02% to 0.5% of the economy.
Read more: Pakistan’s Inflation Drops to 4.9% in November, Lowest in 78 Months
The report also highlights a reduction in the debt-to-GDP ratio from 68.6% in 2025 to 66.6% by 2027, signalling a move toward financial stability. November 2024’s core inflation, measured by the Consumer Price Index (CPI), decreased to 4.9%, marking a multi-year low, as noted by Advisor to Finance Minister Khurram Shehzad on X. The CPI-based inflation for November 2023 was 29.2%, reflecting significant progress over the past year.
“Pakistan Inflation as measured by CPI has made another multi-year low,” commented Khurram Shehzad on X.
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