Khyber Pakhtunkhwa residents are pleased with the recent drop in interest rates and indications of the economy’s revival. They pointed out that interest rates had been drastically cut by the government since the previous year.
Moreover, inflation has significantly decreased. One local resident claimed that inflation this year was marginally lower than it was the previous year.
For example, the cost of cement has decreased from 1,700 to 1,500 rupees per bag, and the price of flour has decreased from 200 to 300 rupees per sack.
Residents stress that public responsibility in price setting is a factor in inflation, which is not solely a government problem. It’s anticipated that a recent bill will lower interest rates even more. “We hope this will happen,” said a citizen.
They agreed that even if interest rates were high the previous year, the present cuts are a good start.
