PM expresses resolve to bring inflation under control


ISLAMABAD: Prime Minister Imran Khan has vowed to bring inflation under control further as prices of food items are declining in Pakistan as compared to other parts of the subcontinent.

In a tweet, he said the sensitive price index shows a decline for second consecutive week in the country.

The Prime Minister quoted a media report stating that India’s retail inflation may stay elevated for at least three more months after hitting a six-year high last month.

It said the high prices are a particular cause of concern for India’s hundreds of millions of poor people, who have already been squeezed by the coronavirus pandemic and its impact on an economy that contracted a record 23.9 percent in April-June this year.

Onion prices have more than quadrupled in India, while soyoil prices have rallied 23 percent in last three months.   

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