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.
