ISLAMABAD, May 30 -- The Finance Ministry of Pakistan has released its latest Economic Outlook Report, showing notable improvements in tax collection, exports, and inflation control. According to the report, the government collected 36.7% more tax revenue compared to the previous year, indicating a stronger grip on fiscal management.

The report highlights a significant drop in inflation, which fell to 0.3% in April. Agricultural performance also showed progress, with wheat production estimated at 28.98 million tonnes. Meanwhile, the automobile sector experienced a 95.8% increase, signaling recovery and rising demand in the local market.

In the industrial sector, Large Scale Manufacturing (LSM) grew by 1.8% year-on-year, although it saw ...