Reduction in inflation to lessen common man’s burden: PM

According to Prime Minister Shehbaz Sharif, the government’s ongoing efforts have resulted in a decline in inflation.

He said it is wonderful news that inflation has dropped to 4.9 percent, the lowest level in the recent 70 months, while chairing the Federal Cabinet meeting in Islamabad.

The prime minister expressed optimism that the burden on the average person would decrease as a result of the decline in inflation. He hoped that a decline in inflation would lead the State Bank of Pakistan to lower the policy rate.

Shehbaz Sharif claimed that the recent protests in Islamabad had caused turmoil and uncertainty, which had a negative impact on the Pakistan Stock Exchange, causing it to drop 3,000 points. He claimed that when the capital’s normalcy returned the following day, the stock exchange recovered.