Islamabad (TDI): Prime Minister Shehbaz Sharif on Tuesday commended his economic team for bringing the annual inflation rate down to 6.9 percent in September – the lowest in 44 months.
This is also the second consecutive drop in the inflation rate on a month-on-month basis. In August, the country’s inflation rate fell to 9.6% for the first time in 34 months.
“By the grace of Allah, we are beginning to succeed in fulfilling our promises to the public,” said the premier.
“The 6.9 percent inflation rate will provide relief to the common man,” he added.
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He also noted that the continuous decrease in petroleum prices is bringing further relief to the people. “The reduction in interest rates will boost business activities in the country,” the Prime Minister stated.
The Prime Minister praised the achievement of reducing inflation to 6.9%, which was targeted for 2025 but achieved in 2024.
“From day one, we prioritized measures to provide public relief,” the Prime Minister said.
“Those who wished for Pakistan to default have failed in their plans,” he added.
PM Shehbaz acknowledged that the entire nation suffered due to the incompetence of a certain group in recent years.
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He emphasized that the country’s economy is now stable, diplomatic relations are strong, and the journey toward the common man’s prosperity has begun.
The premier also highlighted that the IMF program’s initiation will further stabilize the economy.
“The journey of Pakistan’s development, which was halted in 2018, has resumed from where it left off,” the Prime Minister concluded.
