The Finance Ministry of Pakistan has projected that inflation will remain between 5% and 6% in November 2025. Officials noted rising food prices and agricultural pressures as main drivers.
In its Monthly Economic Update & Outlook, the Finance Ministry stated, “Inflation is expected to stay in the 5–6% range due to pressures on food and crop output. Government support and adequate input availability are expected to stabilize supplies during the Rabi season.”
The Consumer Price Index (CPI) recorded a year-on-year increase of 6.2% in October 2025, compared to 5.6% in September and 7.2% in October 2024. On a month-on-month basis, inflation rose by 1.8%, slightly lower than 2% in September.
Despite rising inflation, the Finance Ministry said the economy remains on a positive track. Structural reforms, improved governance, and digital transition are supporting economic stability. Industrial activity is strengthening, and fiscal discipline efforts continue.
The report highlighted that the current account deficit is manageable, aided by steady export growth and strong remittance inflows. Pakistani workers continue to emigrate for jobs abroad, helping increase remittances. Between July and October FY26, workers’ remittances grew by 9.3%, reaching $13 billion.
The Bureau of Emigration & Overseas Employment registered 90,339 workers leaving in October, up 22.8% from September. Total registrations from July to October FY26 reached 278,613.
Foreign exchange reserves stood at $19.7 billion as of November 14, including $14.6 billion with the State Bank of Pakistan. The current account deficit during July–October FY26 was $733 million, compared to $206 million in the same period last year.
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The Finance Ministry emphasized that despite inflationary pressures, strong remittance inflows, export growth, and ongoing reforms are helping maintain economic stability in Pakistan.
