ISLAMABAD, Jan 02 (APP): The Prime Minister’s Coordinator for Information Khyber Pakhtunkhwa, Ikhtiar Wali Khan, stated today that the latest report by the global market data giant “Bloomberg” serves as a solid endorsement of the current government’s economic policies. He noted that the significant reduction in inflation in Pakistan is now being recognized internationally, a result of the tireless efforts of the government’s economic team.
Highlighting the latest data, Ikhtiar Wali Khan pointed out that after an inflation rate of 6.1% in November, the further drop to 5.6% in December represents a major achievement. He emphasized that the current price stability in the country is a clear testament to improved economic discipline and governance.
The Coordinator further shared that the most encouraging news for the public is the easing pressure on food prices, with food inflation plunging to a record low of 3.24%. He added that the abundant availability of essential commodities in the market is providing direct relief to the masses and strengthening their purchasing power.
Commenting on monetary measures, Ikhtiar Wali Khan highlighted that the State Bank of Pakistan has opened new avenues for industrial growth by bringing the policy rate to its lowest level in three years. He maintained that the recent 50 basis points reduction in interest rates will generate new investment opportunities and boost employment across the country.”The Bloomberg report proves that we are moving in the right economic direction,” Mr. Khan stated. He concluded by saying that the December figures are just the beginning of the benefits of government policies reaching the grassroots level. He assured that with a stable market and consistently declining inflation, the signs of public relief will become even more prominent in the coming days.
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