The SBP’s 2nd quarter report for the fiscal year 2011-12 indicates high inflation in the country.
According to the report issued by the State Bank of Pakistan on Tuesday, ‘Half way into FY12, the economy is showing signs of a modest improvement. Preliminary data indicates that the commodity producing sector, especially agriculture, is doing better than expected. Services also seem well-placed to gain from robust retail trade activities; transportation; and increased profitability of the banking sector.’
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