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PM Announces Record Inflation Drop: Government’s Cautionary Measures Pushing the Nation’s Economy Toward Stability

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3 months ago

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The government’s goal for economic reforms includes the implementation of right-sizing policy, according to Prime Minister Muhammad Shehbaz Sharif.

According to Pakistan Bureau of Statistics figures, he expressed delight in a statement about the notable decline in the nation’s inflation rate.

In July 2024, the “consumer price index” hit a record low, according to Shehbaz Sharif, pushing inflation to 11%. The economists’ prediction of a further drop in inflation this month was warmly received.

The Prime Minister claimed that the nation’s economy has been guided toward stability by the government’s cautious policies and the diligent work of its staff.

According to him, foreign financial organizations’ recognition of Pakistan’s improved economic indicators is demonstrated by Fitch and Moody’s subsequent upgrades of the country’s credit rating.

He was optimistic that it will soon show signs of having a favorable effect on the economy.

In addition, the prime minister stated that the costs of petroleum items have decreased and that the Federal and Punjabi governments have given significant relief to electricity users regarding their monthly bills.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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18 hours ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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18 hours ago

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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18 hours ago

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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