Federal Minister for Information and Broadcasting Attaullah Tarar on Monday termed a historic and record decrease in inflation a positive indicator for the country and reaffirmed the government’s commitment to work hard till the complete revival of the economy.
Addressing a press conference here at the Pakistan Muslim League-N Secretariat at Model Town, the federal minister said, “The inflation rate has dropped to 11 percent during this month beyond expectations, as reported by the Pakistan Bureau of Statistics while Bloomberg, Asian Development Bank, UNDP, World Bank and other international departments are also acknowledging progress of Pakistan’s economy and also see it on right direction”.
Tarar highlighted the government’s tireless efforts from day one, focusing on the economy, leading to several positive outcomes, reports APP.
“These include a significant drop in inflation, lower fuel prices, unprecedented growth in the stock exchange, increased foreign reserves, enhanced direct investment, and record tax collection by the Federal Board of Revenue,” he added.
He expressed optimism about Prime Minister Shehbaz Sharif’s upcoming historic visit to China with a delegation of proximately 100 businessmen. Tarar anticipates fruitful B2B meetings, business conferences, and the signing of agreements, which he believes will further bolster the country’s stability.
To a question about Chine Pakistan Economic Corridor, Tarar praised the historical rapid pace of work on CPEC projects during Nawaz Sharif’s tenure, highlighting the commendable role of Shehbaz Sharif.
