CPI inflation in June remained 29.4% compared to 38% in May: Dar

Islamabad: Finance Minister Ishaq Dar on Monday said that Consumer Price Index (CPI) inflation in the month of June 2023 remained 29.4 percent as compared to thirty-eight percent last month.

The Finance Minister said that the value of rupee against dollar in the open market is 270 and 272.

Earlier in the day, Prime Minister Shehbaz Sharif took to Twitter said that Pakistan Stock Market added 2,334 points by one pm today.

Prime Minister Muhammad Shehbaz Sharif has congratulated the nation and the business community on the start of business activities at Pakistan Stock Exchange (PSX) with an extraordinary surge of 2,231 points on the opening day of the week.

The PM had said that the signs of economic recovery started coming forth as a result of our continuous hard work and sound policies.

The Prime Minister said the journey of economic development, decrease in inflation and progress of Pakistan is restarting from the point where it was left by our Quaid Muhammad Nawaz Sharif and the country is again on the track of development.

Shehbaz Sharif congratulated the nation saying that a new Sun of hope is rising after severe disappointments and investors and the business community are rapidly reposing trust as a result of the Staff Level Agreement and the three billion dollars Standby Arrangement with the International Monetary Fund.

The Prime Minister said they are leading Pakistan towards path of development with the same spirit under which Pakistan was rid of the energy crisis, terrorism and other issues during 2013 and 2018. He said we have to continue our journey of national development and economic stability in the same direction and with the same passion and diligence.

The Prime Minister said now the journey of development will get pace in all other sectors including agriculture, Information Technology and industry. He said vowed that we will get the masses rid of growing inflation, and youth will be provided with employment, business and economic self-reliance.