Asad Umar Predicts Inflation to Decrease in Coming Months

Federal Minister for Planning Development and Special Initiatives Asad Umar predicted that Inflation would lower down to A single digit by the end of 2020, as compared to 12.6 percent recorded in December 2019.

Talking to the media in Islamabad, he said “decline in interest rate would help ease the policy rate, which would boost businesses investment opportunities. At the moment, the credit off take by the private sector has not increased much in the past six months, because of high-interest rates”.

He also urged to enhance cooperation between the public and private sectors.

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