ISLAMABAD: Expre­ssing concerns over cotton production and confusing signals from the manufacturing sector, the government expressed “cautious optimism” on Wednesday about sustainable economic recovery and a further deceleration in inflation.

“Inflation will remain within the range of 6-7 per cent in October and further down to 5.5-6.5pc in Nove­mber,” said the Mini­s­try of Finance (MoF) in its Mont­hly Economic Update and Outlook for October.

It said the country’s economy demonstrated sustai­ned recovery during the first quarter of FY25. “Stab­ility in both the fiscal and external sectors has be­en........

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