Inflation rate to come down from next month

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Terming the hike in electricity and petroleum prices a result of unwise policies of the previous government of Pakistan Tehreek-i-Insaaf (PTI), Minister for Finance and Revenue Miftah Ismail Wednesday hinted at slowing down the inflation rate from next month.

“The nation would have to bear the higher rates for one more month”, he said while addressing a press conference here along with the Defence Minister Khawaja Muhammad Asif. He said former Prime Minister Imran Khan did not follow the commitment made with the International Monetary Fund (IMD) especially with regard to subsidies on electricity, gas and petroleum products.—NNI

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