ISLAMABAD: Federal Minister Asad Umar hints at good news for the people oneconomic front.
The inflation would lower down to single digit by the end of this year, ascompared to 12.6 percent recorded in December 2019, Federal Minister forPlanning Development and Special Initiatives Asad Umar predicted onWednesday.
Talking to the media in Islamabad, he said that the decline in interestrate would help ease the policy rate, which would boost businessesinvestment opportunities.
At the moment, the credit off take by the private sector has not increasedmuch in the past six months, because of high interest rates, he added.
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He also urged to enhance cooperation between the public and privatesectors. The federal government with help of the private sector would startmega projects in Karachi very soon, he revealed.
