Prospects of achieving 6% target of GDP continue to be strong
Inflation to remain well below the target of 6% in FY18
Tax collection during July to September record an increase of22%
Notable increase registered in exports and foreign direct investment
LSM growth surpassed its earlier expectation
LSM records increase of 8.4% in July-Sept vs 1.8% last corresponding year
Growth due to improve security conditions and better power supply, low inflation and stable interest rates
Demand for services is also expected to rise in FY18
Introduction of regulatory duties is expected to help curb some growth in imports during the coming months.
FDI inflows have risen to US$ 940 million during July to October period
Rise in FDI, indicates improving sentiments regarding the economy
Despite this positive development, SBP’s foreign exchange reserves stand at US$ 13.5 billion on November 17, 2017 down from US$ 16.1 billion at end-June 2017.
Progress on CPEC related projects and other official proceeds will be instrumental in managing the overall balance-of-payments deficit.
