January 02, 2025 (MLN): Pakistan's inflation rate has fallen to 4.1%, the lowest level in 81 months, signaling a positive shift in the country's economic outlook.
The aforementioned sentiment was expressed by Prime Minister Shehbaz Sharif in a statement yesterday, where he termed the decline in inflation as a "good omen" for the nation.
He mentioned that the government has launched Uraan Pakistan, a homegrown five-year National Economic Transformation Plan, which will make Pakistan one of the leading countries in the world.
Shehbaz Sharif said his government is pursuing a policy of economic reforms.
He said the Current Account Deficit has turned into a surplus after 24 years, the inflation rate declined to 4.1% from 38%, and the Pakistan Stock Market has become the second-best market in the world.
He added that the policy rate has declined to 13% from 22%.
The Prime Minister said the economy is moving towards stability as a result of the government's economic policies and the hard work of its economic team.
He said the government is fully cognizant of people’s difficulties and has tirelessly worked to resolve these problems.
He expressed the hope that people’s lives will be further improved in the days to come.
