Govt expects easing inflationary pressure in new fiscal year following reopening of Strait of Hormuz

ISLAMABAD: After inflation rose to a fresh peak of 12pc in June, the government expects inflationary pressures to ease in the new fiscal year following the opening of the Strait of Hormuz as peace efforts gather pace. “With geopolitical tensions expected to ease following the US-Iran ceasefire, Pakistan’s economic outlook for FY2027 is expected to improve further, supported by reform continuity, stronger confidence and a more enabling pro-business environment”, said the Ministry of Finance in...

By none@none.com (Khaleeq Kiani)