Thursday, 26 December 2024, 11:11:42 pm


 
Hamayun Iqbal Shami (Chairman, Pakistan Economic Forum):

Hamayun Iqbal Shami (Chairman, Pakistan Economic Forum):

The inflation rate has decreased to 4.9 percent last month, which is the lowest reading in the six and half years. Such low pace of inflation is likely to result in more monetary easing, leading to further decline in cost of capital for businesses and industries, and higher savings on debt servicing for the government ensuring improved fiscal balance in the coming months. The inflation may decrease further in next few months due to contained demand and improved food supplies. The inflation has decreased as a result of continued efforts of the government and now there is a need to focus on growth. The reduction in inflation will lessen common man's burden. The government emphasized to move towards growth with a focused approach to bring progress to the GDP with the economic stability.