Pakistan’s inflation rate dropped to a 44-month low of 6.9% in September, down from 9.6% in August, largely due to a favorable base effect and reduced non-perishable food prices. This is the lowest inflation rate since January 2021. Meanwhile, Pakistan’s FX reserves increased by USD 1.17 bln to USD 10.7 bln, aided by a USD 1.03 bln IMF payment under the loan program.