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Economy fast recovering, inflation down by 21pc: Aurangzeb
LatestBusiness

Economy fast recovering, inflation down by 21pc: Aurangzeb

Says Foreign exchange reserves have exceeded $9 billion.

By Faiz Paracha

ISLAMABAD: Minister for Finance Muhammad Aurangzeb on Tuesday said that the national economy was fast recovering and inflation had come down by 21 per cent.

Addressing a news conference along with Law Minister Azam Nazeer Tarar and Minister for Information and Broadcasting Attaullah Tarar, he said that international organizations had also expressed their confidence that Pakistan’s economy was stabilizing fast.

Moreover, he added, confidence of investors was increasing. He also said that the Saudi delegation during its visit to also expressed confidence in Pakistan’s economy.

“Foreign exchange reserves have exceeded $9 billion while inflation has reduced from 38 per cent to 17 per cent and wais gradually coming down,” he claimed. The minister also said that an IMF team would visit Pakistan soon.

Faiz Paracha

Faiz Paracha, an esteemed broadcast journalist with over two decades of experience, excels in reporting and editorial positions. His expertise lies in the economy and energy sectors, where he has delivered thorough coverage and valuable insights.

Currently serving as the Head of Reporting at News Diplomacy, Faiz manages coverage related to diplomatic missions, international development organizations, the United Nations, and foreign affairs. His diverse interests encompass environmental and climatic issues, alongside his profound knowledge of business, economy, and energy.

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