Interim Finance Minister Shamshad Akhtar said on Friday there were “some signs” of economic recovery “even if they were just starting”.
Addressing a press conference in Islamabad alongside other federal ministers, she said that while the interim set-up had inherited a set of challenges after coming into power, it was not worried and was “dealing” with them.
Akhtar said that the government was trying to manage the country’s challenges prudently by controlling expenditures and enhancing revenue. “Through this, the situation will improve.”
“So if you review macroeconomic indictors, you will see some improvement. There are some signs of economic recovery even if its just starting.”
The minister said that the Consumer Price Index (CPI) had shown a decline from May figures, down from 38 per cent to 27pc. “This is a very important indicator that (shows) that we have come out of difficulty,” she said, hoping that there would be stability in prices going forward.
Akhtar said that the country’s productive sectors had also seen some improvement. “By productive sector, I mean the agriculture sector. In this agriculture sector, we hope that our results will be good: whether its got to do with major crops or minor crops. Improved agriculture results will also improve our growth prospects.”
