ISLAMABAD: Prime Minister Shehbaz Sharif has announced his satisfaction with the recent reduction in inflation, marking it as the lowest level achieved in 81 months. The inflation rate dropped to 4.1 percent last month, which the Prime Minister described as a positive development for the country’s economic landscape.

According to Radio Pakistan, Prime Minister Sharif emphasized that this reduction is only the beginning of Pakistan’s journey towards macroeconomic stability. He highlighted the launch of Uraan Pakistan, a five-year National Economic Transformation Plan designed to elevate Pakistan’s economic standing on the global stage. The plan is seen as a pivotal element in driving the country’s economic advancement.

The Prime Minister underscored the success of his government’s economic reform policies, which have transformed the Current Account Deficit into a surplus for the first time in 24 years. He noted that the inflation rate has dramatically decreased from 38 percent to 4.1 percent, and the Pakistan Stock Market has been recognized as the second-best performing market worldwide. Additionally, the policy rate has seen a significant reduction from 22 percent to 13 percent.

Sharif credited the progress towards economic stability to the diligent efforts of his government’s economic team. He reassured the public that the government is aware of the challenges faced by citizens and is committed to alleviating these difficulties. The Prime Minister expressed optimism that the economic improvements will continue to positively impact the lives of the people in the coming days.