Pakistan PM approves declining inflation rate, credits economic reforms, anticipates further reductions.

Prime Minister Shehbaz Sharif expressed approval of Pakistan's declining inflation rate, which dropped to 11% in July 2024, and welcomed economists' forecasts of further reductions. Moody's upgraded Pakistan's credit rating, reflecting positive economic indicators. Sharif emphasized the government's commitment to economic reforms and relief measures for consumers, asserting that ongoing efforts will enhance economic stability and address public hardships.

September 01, 2024
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