PM hails cut in weekly inflation

ISLAMABAD: Prime Minister Shehbaz Sharif has congratulated the nation on further reduction in weekly inflation rate (SenAsitive Price Index-SPI) to 3.57 percent and reiterated the government’s commitment to take measures aimed at the economic progress.

The prime minister observed that the SPI had been recorded at the lowest level on December 07 since October 04, 2018. “With the Grace of Allah Almighty and the efforts of the economic team, inflation has dropped to its lowest level in the last six years,” he said.

He said that after achieving economic stability, the country was rapidly moving towards progress, adding that the surge in remittances, growing investment from the friendly countries and strengthening of diplomatic relations reflected Pakistan’s journey toward development.

The prime minister said that their political sacrifices for the development and prosperity of the country did not go in vain as all the stakeholders were playing their positive role in this journey of progress and prosperity.

He said that they were taking steps to provide employment, promote industrial growth and increase foreign investment. “I have vowed to work day and night to alleviate the hardships of the people as a servant and remain committed to all promises which I had made,” he said.