PM vows to bring inflation under control

News Desk

The Prime Minister Imran Khan has expressed resolve to bring inflation under control further as prices of food items are declining in Pakistan as compared to other parts of the subcontinent.

Accoring to details, the Prime Minister has said in a tweet on Saturday that the sensitive price index shows a decline for second consecutive week in the country.

Imran Khan 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.

The media reports said that the high prices are a particular cause of concern for India’s hundreds of millions of poor people, who have already been squeezed by 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,” it added.