Inflation rate witnesses significant drop in Pakistan: Finance Minister
SHENZHEN: (Suno News) Finance Minister Muhammad Aurangzeb has said that all the economic indicators of Pakistan are moving in a positive direction, adding that the inflation rate has significantly decreased in Pakistan.

While addressing the China-Pakistan Business Forum in Shenzhen, Finance Minister Muhammad Aurangzeb said the government is focusing on the agenda of economic reforms, adding Pakistan’s currency has been stable for a few months.

He also said the trend of depending on technology is increasing in the world, adding the use of technology is proving to be effective for every sector.

“There is inflation in Pakistan which cannot be denied, and steps are being taken to reduce it. The Government of Pakistan has taken serious steps to reduce inflation,” he stated.

Earlier, the founder and chairman of the Chinese company Transsion Holdings met Prime Minister Shehbaz Sharif and expressed interest in increasing investment in the mobile manufacturing unit in Pakistan.

The Chinese company showed keen interest in investing in mobile phone manufacturing, electric bikes, and modern agriculture. The prime minister directed the federal ministers and the Chinese ambassador to prepare a joint action plan with Transsion Holdings.

On the occasion, the prime minister said facilities are being provided to foreign investors and businessmen, adding: “Pakistan has all kinds of resources. Our biggest strength is young manpower.”

The prime minister also invited Transsion Holdings to manufacture and export goods locally in Pakistan.