KARACHI: Pakistan’s Finance Minister Shamshad Akhtar has stated that the country remains on course with its International Monetary Fund (IMF) program.
During a media briefing in Karachi, Minister Akhtar noted the rapid improvement in Pakistan’s economic situation, which she attributed to sound economic policies. The caretaker government is actively implementing measures to stimulate economic recovery and enhance the industrial sector, she added.
The Finance Minister also highlighted the government’s actions against smuggling, underscoring the commitment to curbing illicit activities.
In addition to these developments, the Pakistan Bureau of Statistics (PBS) recently reported a 0.33% decrease in the weekly inflation rate, measured by the Sensitive Price Indicator (SPI). The Combined Index stood at 277.11, down from 278.04 on October 19, 2023, and it was recorded at 213.74 on October 27, 2022.
Among the 51 items monitored, 14 exhibited price increases, 17 saw decreases, and 20 remained stable. Notable price reductions were observed in items like chicken, onions, rice, bananas, and sugar, while increases were noted in the prices of tomatoes, potatoes, and eggs, among others.
These developments reflect Pakistan’s ongoing efforts to stabilize its economy and manage inflation.
