Pakistan

No chance of reduction in inflation for another three months: Tarin

ISLAMABAD: Federal Minister for Finance Shaukat Tarin said on Wednesday said no decline in the price-hike for the next three months.

Shaukat Tarin in a news conference here at the Pak-China Centre said that the prices have swelled all over the globe due to the coronavirus pandemic but Pakistan didn’t let its industries stop working. “The prices hiked up to 90 percent in the international market. Trade deficit increased due to the rise in oil prices while the Afghan crisis weighed down Pakistan’s currency,” Tarin said.

He said the current account deficit would recede in the remaining months of the current fiscal year because the government had procured vaccines and there were no more requirements for importing wheat and sugar. The government had imported wheat and sugar to the tune of $1 billion, he added.

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