Falling global oil prices expected to ease inflationary pressures: Finance Ministry
Published 12 hours ago | By Pak24tv
The monthly outlook report of the Federal Ministry of Finance has indicated that a further decline in oil prices in the global market is likely to have an impact on domestic oil prices, saying that the decline in oil prices will help reduce inflationary pressures and stabilize overall prices.
The Ministry of Finance has issued a monthly economic update and outlook report, which stated that a further decline in global oil prices is also expected to have an impact on domestic oil prices, reducing inflationary pressures and stabilizing overall prices.
The report stated that the inflation rate in June is estimated to be 11 to 12 percent, the foundations of the country's economy have been strengthened in the fiscal year 2025-26, and the economic growth rate was recorded at 3.7 percent in the fiscal year 2025-26.
According to the Ministry of Finance, GDP was recorded at the highest level in the last 4 years in the fiscal year 2025-26 and the size of the economy has reached $452.1 billion.
The report stated that the budget included measures for an export-oriented economy, relief was provided to taxpayers, and measures for fiscal discipline were also taken.
The report of the Federal Ministry of Finance has shown that the country's economic scenario is likely to improve further in the fiscal year 2026-27.
