Prime Minister Shehbaz Sharif reaffirmed that the government’s primary focus remains on ensuring the availability of essential items at affordable prices, underscoring the administration’s continued commitment to public welfare. In a recent statement, the Prime Minister addressed the country’s progress in combating inflation and improving the affordability of daily necessities, while expressing his satisfaction with the recent decline in the Consumer Price Index (CPI) inflation rate.
Prime Minister Sharif highlighted the significant drop in inflation, which fell to 1.5% in the previous month, marking the lowest inflation rate since September 2015. He expressed confidence that this positive trend will continue in the coming months. This drop in inflation is a key achievement for the government, as high inflation has long been a challenge for Pakistan’s economy, affecting the cost of living for ordinary citizens.
Sharif also pointed to the average inflation rate from July 2024 to February 2025, which stood at 5.9%. This figure represents a substantial improvement compared to the 28% inflation rate during the same period of the previous fiscal year. The Prime Minister credited the government’s economic team for their dedicated efforts, which he said have played a crucial role in improving economic indicators and ensuring macroeconomic stability.
The decline in inflation is seen as a direct result of the government’s coordinated efforts to stabilize the economy. Prime Minister Sharif emphasized that this progress is a product of diligent teamwork across various institutions, all working together to strengthen Pakistan’s economy. The government’s focus has been on creating a conducive environment for business, promoting investment, and fostering an economic climate that benefits the people of Pakistan.
This commitment to macroeconomic improvements has already begun to yield tangible benefits for the public, according to the Prime Minister. As inflation drops and economic conditions improve, ordinary citizens are beginning to feel the positive effects in their daily lives. The Prime Minister stressed that the ultimate goal of these measures is to ensure that essential goods remain accessible and affordable to all segments of society, particularly the vulnerable and low-income groups.
The government’s emphasis on affordable essential items is particularly important as Pakistan continues to grapple with various economic challenges. Ensuring that basic necessities, such as food and fuel, remain within reach for the average consumer is a cornerstone of the government’s economic strategy. Through these efforts, the administration hopes to foster a more stable economic environment, reduce the financial strain on families, and improve overall living standards.
Prime Minister Sharif’s statement reflects a broader commitment to addressing the country’s economic challenges while keeping the welfare of the people at the forefront. As the government continues to implement its economic policies, it remains focused on reducing inflation, promoting investment, and creating job opportunities. The Prime Minister expressed optimism that these measures will help build a more sustainable and equitable economy in the long term.
In conclusion, the government’s priority of ensuring the availability of affordable essential items is clearly central to its economic agenda. With a focus on stabilizing inflation and improving macroeconomic conditions, Prime Minister Shehbaz Sharif’s administration aims to create a more prosperous and accessible future for the people of Pakistan.