Inflation continues to decline in Pakistan: Asad Umar

Minister for Planning and Development Asad Umar says inflation continues to decline in the country.

In a tweet on Sunday, he said during current month inflation on Consumer Price Index is down to 5.7 percent, while the Core Inflation is at 5.4 percent.

Asad Umar said prior to PTI government formation, in July 2018, the Cosumer Price Index was 5.8 percent while core was 7.6 percent, indicating that the rate of inflation is lower today than prior to the PTI government.

Inflation continues to decline. Jan inflation (CPI) is down to 5.7%. Core inflation is at 5.4%. Last month (jul 2018) prior to PTI govt formation, CPI was 5.8% & core was 7.6%. The rate of inflation is LOWER today then when the PTI govt was formed. #PMIKECONPOLICYSUCCESS

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— Asad Umar (@Asad_Umar) January 31, 2021

Earlier, Asad Umar had stressed on maintaining the momentum of China-Pakistan Economic Corridor (CPEC) projects and following the timelines for their early completion.

He had said CPEC is a priority project for enhancing Pak-China economic cooperation.

The forum reviewed the progress on various projects undertaken by the Working Groups under CPEC.

The meeting was briefed on the overall progress of CPEC projects in Industrial Cooperation, Energy, Infrastructure, Gwadar, Science and Technology, Socio-Economic Development, Agriculture, Transport and Communications and issues faced in the implementation of these projects.

The committee also emphasized that unresolved inter- ministerial issues should be brought before the Cabinet Committee on CPEC directly by the respective Ministries along with recommendations for their resolution.

The committee noted that significant progress has been achieved on various projects.

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