ISLAMABAD: Prime Minister Shehbaz Sharif has expressed satisfaction over the decline in inflation rate to 4.1 percent, its lowest in 81 months, ARY News reported.
In a statement issued by the Prime Minister’s Office, he said that achieving macroeconomic stability is an important step, but it is just the beginning.
The prime minister highlighted the significant decline in inflation to 4.1 percent in December 2024 as a positive development. He also referred to the launch of the ‘Awran Pakistan – Pakistan Takeoff’ project, which aims to place the country among the leading countries of the world.
He added, “The government is pursuing a policy of economic reforms. The current account has achieved a surplus after 24 years. Inflation has come down from 38 percent to 4.1 percent and the stock market has become the second best in the world.” Prime Minister Shehbaz Sharif said.
He added that the interest rate has come down from 22 percent to 13 percent, which shows the hard work of the government to stabilize the economy.
“We (the government) are aware of the difficulties faced by the people and hence we have been working day and night to resolve the problems of the masses. Inshallah, the lives of the people will improve further.
Read more: PM Shehbaz launches Uraan Pakistan economic revival programme
Earlier, Prime Minister Shehbaz Sharif launched Uraan Pakistan, which he hailed as a crucial step towards the country’s progress and economic stability.
Uraan Pakistan is a transformational initiative that aims to highlight and promote the key projects and reforms outlined in the five-year National Economic Transformation Plan. This strategy focuses on revitalizing Pakistan’s economy, promoting sustainable development, and driving inclusive growth.
In his address, Prime Minister Shehbaz Sharif acknowledged that despite the unprecedented challenges faced by the government, the government has succeeded in achieving economic stability. He stressed the need for continued unity and solidarity to move Pakistan forward.
Prime Minister Shehbaz Sharif noted that in 2023, efforts to secure an IMF programme were intensified and Pakistan was on the verge of default. To save the nation, the coalition government has taken a joint decision to put national interest above political concerns. He added that the government is ready to go to any extent to protect the country and its interests.
Prime Minister Shehbaz Sharif expressed that the IMF deal was not only a blessing but also the result of prayers and sacrifices of the public. He also highlighted the proactive steps taken by the government to negotiate with the IMF despite knowing the difficulties ahead.
