Islamabad: In the first nine months of the current fiscal year, Pakistan’s inflation rate increased from 5.3% to 5.7% compared with the same period last year. According to the Ministry of Planning’s monthly development report, exports declined by 1.2%, foreign direct investment dropped by 33.4%, and imports grew by 8.3% during this timeframe. The report also notes that the Federal Board of Revenue collected Rs 9,306 billion in taxes, a 10.1% rise from Rs 8,453 billion the previous year, and remittances increased by 2.8%. From July to March, Pakistan’s exports amounted to $30.60 billion, down from $30.90 billion last year, while imports rose to $56.30 billion from $51.90 billion. Overall, foreign investment in Pakistan fell by 33.4% in the first nine months of the fiscal year.
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