With the assistance of the Special Investment Facilitation Council (SIFC), Pakistan has achieved a significant reduction in its inflation rate.
According to details, the collaboration with SIFC has resulted in inflation reaching its lowest level in six and a half years. Improved economic conditions brought the inflation rate down to 4.9% in November 2024. The average inflation rate for the first five months of the year dropped from 28.62% to 7.88%.
On an annual basis, urban inflation saw a remarkable decline, falling to 5.2%. The consistent decrease in inflation has helped ease the pressure on consumers and the economy. A reduction in food and transportation costs has also played a vital role in curbing inflation.
Policy measures taken at the governmental level have contributed to lowering inflation, thereby promoting economic stability.
