Inflation reduces by 0.5 percent in a month: Shaukat Tareen

Finance Minister Shaukat Tareen said that inflation was decreased by 0.5 percent in a month while PM Gilani directed him to review the financial performance of government institutions. Finance Minister Shaukat Tareen told the PM in Islamabad that current account deficit was excessive in August while overseas Pakistanis sent Rs 780 million remittances last month. The finance minister said that Rs 85 billion loans have been paid. He said that Rs 12 to15 billion of loans would be paid in next few weeks due to which money problem in petroleum sector would be solved. Forex reserves are Rs 14.4 billion now, he revealed. Special Assistance on Social Sector Shahnaz Wazir Ali also met the prime minister and informed him about the progress being made in social sector.