words per minute
14
USMANAWAN2
00:00
Speed
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday expressed satisfaction over a falling rate of inflation and improvements in other economic indicators. In a statement from the Prime Minister's Office (PMO), he noted that the Consumer Price Index (CPI) fell to 11 per cent in July and welcomed economists' forecasts predicting a further decline. The premier's statement came after the Ministry of Finance said in its August outlook on Friday that inflation was expected to remain in the range of 9.5-10.5pc in August and further decline to 9-10pc in September "on account of stability in economic indicators". "After Fitch, the global rating agency, Moody's recently upgraded Pakistan's credit rating, which is an acknowledgement of the country's positive economic indicators by the international financial institutions," said PM Shehbaz. Says govt working for economic reforms; Zardari, Shehbaz pay tribute to Kashmiri leader Geelani He said the government was pursuing a policy of economic reforms and the implementation work was rapidly in progress over the so-called "rightsizing" policy of the government, which he himself was monitoring. He expressed the confidence that its positive impact on the economy would be visible soon.