Speaking at a press conference on Thursday, the SBP head stressed the importance of maintaining stable and gradual growth to avoid future balance of payments issues.
SBP governor also revealed the SBP’s inflation target for the current fiscal year, set at 5 to 7 percent. He expressed optimism that if economic indicators improve and inflation remains under control, other sectors would also benefit.
“We hope that Pakistan’s current account will remain in surplus through December,” he added.
The SBP governor also provided an update on Pakistan’s foreign debt, which remains at a manageable level. As of now, the country’s actual foreign debt stands at $100.8 billion.
SBP sells treasury bills worth over Rs 400 billion
This figure has increased slightly by $500 million due to debt revaluation, but Ahmad reassured that the overall debt situation has significantly improved since 2022.
In terms of foreign exchange inflows, Mr Jameel stated that remittances have been stabilizing and are expected to total $35 billion by the end of this fiscal year.
Exports are also showing signs of improvement, though he called for more efforts to increase export volumes, which are essential for reducing reliance on remittances.
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