| Caretaker Finance Minister Shamshad Akhtar has said that the country’s economy is showing signs of recovery due to the steps taken by the interim government.
She made the remarks a day after the State Bank of Pakistan (SBP) kept the interest rate unchanged at 22% for the next couple of months. The Monetary Policy Committee (MPC) decided to maintain the policy rate at 22%. This decision takes into account the latest inflation outturn reflecting the continuing declining trend in inflation from its peak of 38% in May to 27.4% in August 2023.
Addressing a joint press conference flanked by caretaker Minister for Information and Broadcasting Murtaza Solangi and Minister for Energy, Power and Petroleum Muhammad Ali on Friday, Akhtar said: “The macroeconomic indicators, if you view them, you can find some betterment. There are some signs of economic recovery. Even if it is just starting.” |
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