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

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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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23 police officers were hurt in an altercation with PTI employees on Attock’s Ghazi Barotha Bridge.

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Law enforcement officials said that the wounded soldiers were taken right away to local hospitals for medical care. The situation worsened after police officers were allegedly beaten overnight by workers in a truck that was supposedly carrying KP Chief Minister and PTI leader Ali Amin Gandapur.

“The altercation happened when the convoy tried to cross the bridge in spite of security restrictions,” the police said. More troops have been sent in to control the situation and bring the peace back.

Investigations are still being conducted to find the people who started the violence. Law enforcement officials have promised that those responsible will face severe consequences.

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The public rejects repeated calls for protests and sit-ins because PTI wants to disrupt daily life. Ahsan

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The public rejected the elements continually calling for protests and sit-ins, according to Planning Minister Ahsan Iqbal, and the PTI’s performance today will also fail.

Speaking at a news conference in Lahore, the planning minister stated that the government is responsible for protecting people and property, and that the necessary precautions have been taken in this regard.

Because of its effective economic policies, Pakistan is on the path to prosperity and development, according to Ahsan Iqbal. He stated that a five-year strategy for economic advancement will be unveiled shortly by Prime Minister Shehbaz Sharif.

But the demonstrators have a sinister plan to sabotage this advancement for their own ends, he claimed.

PTI intends to disrupt everyday life and restore law and order in the nation, he claimed. However, he stressed, the law will not be taken into one’s own hands, and those who break it would face harsh consequences.

The PTI founder has been sentenced by the courts, according to Ahsan Iqbal, and his release can only occur legally—not through a sit-in or protest. According to him, the PTI founder will need to use the legal system to cleanse his name in every case.

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Strengthening Bilateral Relations: A Delegation of 68 Belarusians Arrives in Islamabad

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Foreign Minister Maksim Ryazanov has led a high-level Belarusian delegation that has arrived in Islamabad.

Of the 68 members of the group, eight were ministers and forty-three were business leaders.

At the airport, the team was cordially received by Interior Minister Mohsin Naqvi.

Pakistan’s ambassador to Belarus, Sajjad Haider Khan, was also in attendance, as was Shafqat Ali Khan, additional secretary for foreign affairs.

It is anticipated that Belarus and Pakistan will sign a number of memoranda of understanding and agreements.

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