Says govt working on IMF conditions for loan programme
Prime Minister Shehbaz Sharif on Tuesday said that after bringing the inflation rate down to the single digit of 9.6%, more efforts were required to bring in economic growth and stability besides addressing the challenges of circular debt and tax evasion.
“Alhamdulillah, the burden of inflation is reducing gradually. A single-digit inflation rate of 9.6% was reported in August this year which was 27% this month of last year. But we have to keep up our efforts to achieve economic growth and stability, create productive employment, reduce expenditures by rightsizing and downsizing, shrink circular debt, curb evasion of receipts and eliminate smuggling,” the prime minister said addressing the meeting of the federal cabinet chaired by him.
He congratulated the finance minister, State Bank governor and other economic team members for the achievement and said that serious and tireless efforts were underway to achieve the challenging task.
“This gradual improvement. We have to take it forward swiftly… The task is cumbersome but we will reach our destination if we remain focused on targets,” he remarked.
He said sincere efforts always led nations to excel and Pakistan too could achieve the same as the country had immense resources including competent minds, natural resources and youth.
