PM claims prices of food items are declining in Pakistan

PM claims prices of food items are declining in Pakistan as compared to other parts of the subcontinent.

In a tweet, Prime Minister Imran Khan has vowed to bring inflation under control further.

PM claims prices of food items are declining in Pakistan

However, he claimed that prices of food items are declining in Pakistan as compared to other parts of the subcontinent.

The PM further said the sensitive price index shows a decline for second consecutive week in the country.

Moreover, he also 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.

Meanwhile, it said the high prices a particular cause of concern for India’s hundreds of millions of poor people.

They have already been squeezed due to 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.

Meanwhile, Special Assistant to Prime Minister (SAPM) for Revenue Dr Waqar Masood also spoke on inflation.

In an interview on Friday, he noted that prices of other items remained under control, excluding  food inflation.

GTV