Govt claims inflation to remain between 1-1.5% in March

First eight months of the fiscal year saw an increase in remittances, exports, and investments

Ministry of Finance has released its monthly Economic Update Outlook Report, claiming that inflation for the current month will remain between 1-1.5%. However, the report warns that inflation could rise to 2-3% in April.

According to the report, the first eight months of the fiscal year saw an increase in remittances, exports, and investments.

Remittances surged by 32.5 percent, reaching $23.96 billion. Exports grew by 7.2 percent, totaling $21.82 billion.

Imports rose by 11.4 percent, reaching $38.82 billion.

The current account balance recorded a surplus of $691 million, as per the Finance Ministry.