Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed his satisfaction with the recent decline in Pakistan’s inflation rate to a single digit, marking a notable economic improvement over the past month.

According to Ministry of Information and Broadcasting, the Prime Minister highlighted the Pakistan Bureau of Statistics’ recent announcement that inflation decreased to 9.6 percent in August. This achievement is seen as a direct result of the government’s proactive economic measures. He attributed this success to the diligent efforts of his economic team and noted that this is the lowest inflation rate observed in the last three years.

Prime Minister Sharif also mentioned optimistic forecasts from economic experts who anticipate a further decline in inflation this month, which he regards as encouraging news for the nation. Reflecting on past challenges, he criticized the previous administration for their policies, which he described as neglectful and detrimental to the people, leading to historically high inflation levels and widespread hardship.

Emphasizing the positive impacts of recent government reforms, Sharif stated these efforts have begun to yield increased prosperity for the populace. He reiterated his commitment to Pakistan’s development, stressing that economic stability and enhancing the common man’s well-being are crucial to achieving national goals.

Sharif concluded by affirming his administration’s success in steering the country away from potential economic collapse towards a trajectory of stability and growth, underscoring his dedication to fulfilling promises made to alleviate the sufferings of the Pakistani people.