State Bank of Pakistan Governor Jamil Ahmed has warned that inflation could exceed 7 percent in the last quarter of fiscal year 2026, but the central bank’s target remains between 5 and 7 percent.
He said that the country’s current account has been in surplus in the first nine months, and the overall fiscal deficit is also under control, which is a sign of economic stability.
According to the governor, remittances are expected to increase significantly and could reach $41 billion in the current fiscal year, which is a positive sign for the country’s economy.
Talking about the decline in exports, he said that global prices and economic uncertainty have affected export performance, but steps are being taken to improve it.
He also said that SME financing has increased from Rs 491 billion to Rs 882 billion, and the target is to take it to Rs 1.5 trillion by 2028.
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