Dr. Mirza Ikhtiar Baig (Economist):
Inflation has decreased as a result of continued efforts of the government and now there is a need to focus on growth. It is good news that the inflation has come down to 4.9 percent to the lowest level in last 70 months. The reduction in inflation will lessen common man’s burden. Pakistan Stock Exchange bounced back after the normalcy restored in the capital. The government is now focusing on the approach to bring progress to the GDP with the economic stability. The revenue collection also recorded an increase as compared to the previous year as a result of enforcement.
Hamayun Iqbal Shami (Chairman, Pakistan Economic Forum):
The inflation rate has decreased to 4.9 percent last month, which is the lowest reading in the six and half years. Such low pace of inflation is likely to result in more monetary easing, leading to further decline in cost of capital for businesses and industries, and higher savings on debt servicing for the government ensuring improved fiscal balance in the coming months. The inflation may decrease further in next few months due to contained demand and improved food supplies. The inflation has decreased as a result of continued efforts of the government and now there is a need to focus on growth. The reduction in inflation will lessen common man’s burden. The government emphasized to move towards growth with a focused approach to bring progress to the GDP with the economic stability.