September inflation seen at 29-31pc

In Pakistan, inflation is expected to be about 29-31% in September, according to the Ministry of Finance’s monthly report released on Thursday.

One of the primary drivers of inflation in Pakistan is the surging energy costs. The country heavily relies on imported energy resources, and global price fluctuations have a direct impact on domestic energy prices. The rise in energy costs not only affects transportation but also leads to increased prices for electricity and gas.

It continued on to say that oil price pressures and energy price adjustments meant the inflation outlook would remain uncertain, but that it was expected to remain on a downward track, particularly in the second half of the current fiscal year.

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