PM Shehbaz hails inflation drop to lowest level in 81 months
Business
The reduction in the inflation rate to 4.1 percent last month is a good omen.
ISLAMABAD (Dunya News) – Prime Minister Shehbaz Sharif has expressed satisfaction over the reduction in inflation to its lowest level in 81 months.
In a statement issued on Wednesday, the prime minister said the reduction in the inflation rate to 4.1 percent last month was a good omen.
The prime minister said achieving macroeconomic stability is just the beginning. He mentioned that the government has launched “Uraan Pakistan”, a homegrown five-year National Economic Transformation Plan, which will make Pakistan one of the leading countries in the world.
“The government is pursuing economic reforms. The current account deficit has turned into a surplus after 24 years, the inflation rate has declined to 4.1 percent from 38 percent, and the Pakistan Stock Market has become the second-best market in the world. The policy rate has declined to 13 percent from 22 percent,” he added.
The prime minister said the economy was moving towards stability due to the government's economic policies and the hard work of its economic team. He said the government was fully cognizant of people’s difficulties and had tirelessly worked to resolve these problems.
He expressed the hope the people’s lives would be further improved in the days to come.
