Finance ministry admits higher inflation in country

KARACHI, Jan 01 SABAH):Spokesperson for Ministry of Finance Muzammil Aslam on Saturday while admitting inflation in the country has higher inflation claimed that the prices of food items have decreased in November and December.

Talking to media in Karachi on Saturday, he said that the growth rate in the financial year 2021 was 4% and this year, the IT sector will export $4 billion.

The spokesperson said that inflation has not increased from November and December and prices of food items have started coming down, while chicken, flour and egg prices have also stabilized.

Muzammil Aslam said that after the IMF program, there will be a storm of inflation, adding that the IMF asked to impose 700 billion taxes but we increased the taxes by 350 billion.