{"id":5993,"date":"2024-12-02T15:38:54","date_gmt":"2024-12-02T20:38:54","guid":{"rendered":"https:\/\/guardianglobe.org\/?p=5993"},"modified":"2024-12-02T15:38:56","modified_gmt":"2024-12-02T20:38:56","slug":"pm-shehbaz-sharif-hails-inflation-drop-to-70-month-low","status":"publish","type":"post","link":"https:\/\/guardianglobe.org\/?p=5993","title":{"rendered":"PM Shehbaz Sharif Hails Inflation Drop to 70-Month Low"},"content":{"rendered":"\n<p>Prime Minister <strong>Shehbaz Sharif<\/strong> announced that inflation in Pakistan has fallen to a <strong>70-month low of 4.9%<\/strong>, a significant development that he attributed to <strong>government efforts<\/strong>. Chairing a federal cabinet meeting in Islamabad on Monday, the premier expressed optimism that the decline would <strong>ease financial pressures<\/strong> on citizens.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Potential Policy Rate Adjustment<\/h2>\n\n\n\n<p>With inflation on a downward trend, PM Shehbaz indicated that the <strong>State Bank of Pakistan<\/strong> might consider lowering the <strong>policy rate<\/strong>, a move that could further stimulate economic activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stock Market Resilience<\/h2>\n\n\n\n<p>The prime minister acknowledged the negative impact of recent <strong>protests in Islamabad<\/strong>, which triggered a <strong>3,000-point drop<\/strong> in the Pakistan Stock Exchange (PSX). However, he commended the market&#8217;s <strong>swift recovery<\/strong> once normalcy was restored in the capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Call for Economic Growth<\/h2>\n\n\n\n<p>PM Shehbaz emphasized the importance of <strong>sustained economic growth<\/strong> and outlined key areas requiring focused efforts:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Exports and Remittances<\/strong>: Enhancing foreign earnings to stabilize the economy.<\/li>\n\n\n\n<li><strong>Production and Industrial Growth<\/strong>: Increasing output across sectors to boost employment.<\/li>\n\n\n\n<li><strong>Special Economic Zones<\/strong>: Developing infrastructure to attract investment and spur industrial expansion.<\/li>\n<\/ul>\n\n\n\n<p>The reduction in inflation represents a <strong>positive step<\/strong> for Pakistan\u2019s economy, with potential <strong>policy adjustments<\/strong> and targeted sectoral improvements laying the foundation for <strong>long-term stability and growth<\/strong>.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Shehbaz Sharif announced that inflation in Pakistan has fallen to a 70-month low of 4.9%, a significant development that he attributed to government efforts. Chairing a federal cabinet meeting in Islamabad on Monday, the premier expressed optimism that the decline would ease financial pressures on citizens. Potential Policy Rate Adjustment With inflation on<\/p>\n","protected":false},"author":5,"featured_media":5994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[396,3121,3119,3122,3120],"class_list":{"0":"post-5993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-gdp-growth","9":"tag-pakistan-economy","10":"tag-pakistan-inflation","11":"tag-shehbaz-sharif-inflation","12":"tag-state-bank-policy-rate"},"_links":{"self":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/5993"}],"collection":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5993"}],"version-history":[{"count":1,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/5993\/revisions"}],"predecessor-version":[{"id":5995,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/5993\/revisions\/5995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/media\/5994"}],"wp:attachment":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}