Inflation to decrease to single digit soon: minister

Literacy rate in Pakistan recorded at 62.8pc in Economic Survey 2023-24.

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ISLAMABAD: Finance Minister Aurangzeb Khan on Tuesday claimed that inflation has decreased from 48pc to 11pc and would soon fell to the single digit.

Speaking after presenting the Economic Survey 2023-24 here, the minister said that the inflation rate had to come further down and this the reason State Bank reduced the interest rate a day earlier.

Pakistan’s economy is expected to grow by 2.4pc in the current fiscal year, compared to a contraction of 0.17pc in the previous year.

Current account deficit narrowed by 95pc to $200m in the July to April period, compared to $3.9bn in the same period last year.

Most targets missed, but high agriculture yields took sectoral growth to nearly double of last year’s target.

Literacy rate 

The literacy rate in Pakistan has been recorded at 62.8 per cent, according to the Economic Survey 2023-24.

According to the Economic Survey, the literacy rate among men is 73.4pc and among women 51.9pc

There are a total of 263 universities in both tbe public and private sectors in the country.

The number of private universities is 109. Moreover, there are 131 sub-campuses in different parts of the country.

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