Ishaq Dar says inflation and rates of interest diminished, aiming for higher 2025

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Deputy Prime Minister and Overseas Minister Ishaq Dar has mentioned the federal government successfully managed challenges in 2024 and is set to fulfil its commitments to the nation within the coming yr.

Talking at a media briefing within the federal capital, Dar outlined the federal government’s achievements and expressed optimism for Pakistan’s future, Categorical Information reported.

Reflecting on the previous yr, Dar emphasised that 2024 was a pivotal yr for Pakistan, significantly with the final elections, by which the general public gave their mandate to the Pakistan Muslim League (N).

He acknowledged that the federal government has labored diligently to sort out challenges comparable to inflation and rates of interest.

“We have now succeeded in lowering inflation, which has now fallen to beneath 5 p.c, a major enchancment from the earlier yr,” he added.

Dar additionally famous that when the federal government took workplace, rates of interest have been at 22 p.c, however have now been diminished to 13 p.c, a transfer that he believes has positively impacted the economic system.

“We’re constantly working to ship on the guarantees made to the nation, and the economic system is steadily bettering,” he mentioned, underscoring the federal government’s give attention to financial stability.

The Deputy Prime Minister additionally highlighted the latest launch of the “Udaan Pakistan Programme” by Prime Minister Shehbaz Sharif, geared toward driving nationwide financial progress.

In his tackle, Dar additionally spoke about latest modifications within the nation’s diplomatic appointments.

He revealed that Shafqat Khan had been appointed as the brand new spokesperson for the Ministry of Overseas Affairs, and that Zehra Baloch was appointed as Pakistan’s Ambassador to France, following consultations with the Prime Minister.

Looking forward to 2025, Dar expressed hope that the yr would carry additional progress and stability for Pakistan, reinforcing the federal government’s dedication to fulfilling its guarantees and bettering the nation’s financial situations.