This year, the inflation rate will be 12 percent, Governor State Bank said

During the press conference in Karachi, Governor State Bank Reza Baqir said that keeping in view the domestic economy, interest rate has been decided to keep 13.25 percent. Given the economic conditions and inflation, current interest rates can be justified.



Raza Baqir said inflation has increased steadily since July, inflation will remain at 11-12 percent this year, inflation will gradually start to decline, inflation will decrease as supply improves. Expect This year, agricultural output is expected to fall below the target, but production is increasing in other sectors, with good indications coming from the textile sector while cement production is also increasing.

Governor SBP says export industries need to be supported in order to boost foreign exchange reserves; encouragement of exporters is a priority