Prime Minister Shehbaz Sharif has directed the government to introduce a Ramadan relief package without involving utility stores, aiming to curb corruption and prevent the sale of substandard goods.
Addressing a federal cabinet meeting, the prime minister emphasised the need for a transparent and effective relief mechanism for Ramadan, stating that the previous year's package faced numerous complaints due to mismanagement at Utility Stores.
"I had stated months ago that the current system with Utility Stores is unsustainable. Last Ramadan, there were excessive complaints regarding Utility Stores, so we have decided to introduce a package without them," he said.
During the meeting, Shehbaz Sharif expressed satisfaction over the declining inflation rate, noting that it dropped from 28.73% in January 2024 to 4.1% in December 2024.
"The gradual decrease in inflation is a positive development. Our focus now is on economic growth, and all relevant ministries must concentrate on this goal," he stated.
The prime minister highlighted that achieving sustained economic growth remains a key challenge and stressed the need for coordinated efforts among ministries to drive economic stability.
Shehbaz Sharif also announced that Saudi Arabia has approved a one-year deferred oil payment facility worth $1.2 billion.
He noted that the previous deferred payment agreement ended in December 2023, but a Saudi delegation visited Pakistan upon the direction of Crown Prince Mohammed bin Salman to finalize the extension.
"This facility will provide Pakistan with much-needed financial relief as we work towards stabilizing the economy," he said.
During the cabinet session, the prime minister expressed grief over the attack on a polio vaccination team in Jamrud, Khyber Pakhtunkhwa
He offered prayers for the slain security personnel and reaffirmed the government's commitment to eradicating polio despite security challenges.
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