Prime Minister Shehbaz Sharif has expressed satisfaction over the decline in inflation, stating that further improvements are expected in the coming days.
Speaking in a statement, he highlighted that inflation has now dropped to single digits and the central bank’s markup rate has also improved. Acknowledging the challenging circumstances in which his government took charge, he emphasized the efforts made to stabilize the economy.
He mentioned that the public is beginning to witness the benefits of a more stable economy. However, he stressed that further improvements require continued hard work. Referring to government measures, he stated that favoritism is being eliminated, and institutional reforms are being introduced.
The Prime Minister also criticized the culture of political division, stating that conflicts breed hatred, which harms the country’s interests. He urged all stakeholders to work in unity for national progress.
Meanwhile, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial emphasized the need for a balanced approach to economic growth. He stressed the importance of tax structure reforms and stated that economic development must be pursued cautiously.
Pakistan, currently under a $7 billion bailout package from the International Monetary Fund (IMF), is navigating a fragile recovery phase. While the country has avoided default, economic challenges persist.
