Pakistan has lowest inflation rate in the region: PM Ashraf

PM adds that the rate of inflation in the country had come down to a single digit.

ISLAMABAD: Pakistan has the lowest inflation rate in the entire region, said Prime Minister Raja Pervez Ashraf on Wednesday.     

In a meeting with Chief Executive Office of Pakistan Poverty Alleviation Fund (PPAF) Qazi Azmat Essa at the prime minister secretariat, Ashraf said that the Cabinet was briefed today that the rate of inflation in the country had come down to a single digit.

“This is an indication of the success of government's economic policies,” he said.

The PPAF CEO informed the prime minister about the various initiatives undertaken by the organisation for improving living standards of the people in remote and backward areas of the country.

Referring to a report published by the Economist Intelligence Unit which rated Pakistan as the most feasible investment destination, Essa said the rating would encourage foreign direct investment in the country and would not only create job opportunities but also alleviate poverty.

Ashraf appreciated PPAF's efforts against poverty and asked the CEO to further expand the scope of the fund.

He also assured the government’s assistance and cooperation for the implementation of PPAF's projects.

Senior officials of the prime minister's secretariat were also present during the meeting.