PM Shehbaz Sharif: Inflation hits 6-year low, economy on path to stability
Prime Minister Muhammad Shehbaz Sharif announced significant economic progress in Pakistan, highlighting a sharp decline in inflation and ongoing efforts to achieve financial stability.
In a statement, the Prime Minister revealed that the Sensitive Price Index (SPI) had dropped to 3.57%, its lowest level since October 2018. Inflation, he noted, had decreased by 39.11% compared to the same period last year, crediting the improvement to the hard work of the government’s economic team and divine blessings.
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“I promised to work tirelessly to reduce the hardships of the people, and I remain committed to fulfilling all my promises as the servant of Pakistan,” Shehbaz said.
Key Indicators of Progress
The Prime Minister outlined several signs of economic recovery, including:
- Increased remittances from overseas Pakistanis.
- Rising foreign investments from allied nations.
- Efforts to boost employment and foster industrial growth.
- Strengthened diplomatic ties supporting economic collaboration.
Shehbaz Sharif emphasized that the government’s political sacrifices and relentless efforts are beginning to bear fruit. He praised the role of all stakeholders in contributing to Pakistan’s path toward development and prosperity.
The Prime Minister reassured the nation that the government remains steadfast in its mission to create opportunities and alleviate economic pressures, pledging continued action to secure long-term stability.
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