The Finance Division has released economic outlook report showing an optimistic picture of the economic performance in the coming months.
The report states that Consumer Price Index for inflation is declining, rupee has gained stability and current account balance is on improving trend which indicates that economic activity will remain positive and persistent in coming months.
It mentions that for future path of inflation, the exchange rate is of utmost importance.
The report says the catastrophic situation due to floods demands rehabilitation and massive expenditures which will pose significant challenge for fiscal consolidation.
The report has emphasized the need for enhancing productive capacity and productivity in each sector to substitute imports by domestic production and provide more supply capacity to the foreign markets.
Source: Radio Pakistan