Islamabad May 7 2024: Pakistan Finance Minister Muhammad Aurangzeb states that the current inflation rate stands at 17%, expressing confidence in its gradual decline in the coming period.
Additionally, he anticipated a reduction in the policy rate by July-August, signaling potential relief for economic stakeholders.
Finance Minister Muhammad Aurangzeb states this during a press briefing in Islamabad. He is accompanied by federal ministers Atta Tarar and Azam Nazir.
Pakistan inflation falls to 17.3% on year-on-year basis in April 2024, the low of two years, as compared to an increase of 20.7% in the previous month and 36.4% in April 2023. On month-on-month basis, it decreased to 0.4% in April 2024 as compared to an increase of 1.7 in the previous month and an increase of 2.4% in April 2023.
