Prime Minister Shehbaz Sharif announced that the inflation rate has dropped from 39 percent to 17 percent over the past two years. He cited it as a positive economic indicator.
In a statement released, the prime minister emphasized the recent decrease in inflation as positive news for the people. Moreover; He attributed this decrease to the concerted efforts of the sixteen-month previous government and the caretaker setup. Furthermore; he also issued directives to provincial governments. he, however, urged them to ensure the implementation of reduced petroleum prices and government-regulated rates for edible items. Further; he prioritized tackling inflation as the government’s top concern, promising further relief as economic activities gain momentum. Pointing to the drop in petroleum rates as a source of relief for the public due to international market trends, PM Shehbaz reiterated the government’s commitment to improving citizens’ lives. He reaffirmed the government’s dedication to maximizing relief for the people. On May 1, the prime minister emphasized the significance of laborers and workers in the national economy. He urged affluent individuals and businesses to prioritize improving workers’ conditions. Addressing a gathering of laborers and workers, he acknowledged the nation’s challenging economic situation. However, he expressed determination to overcome it through collective efforts and sincerity. PM Shehbaz envisioned Pakistan’s transformation into a formidable nation through a fair system and the joint efforts of employers and employees, including workers.