ISLAMABAD, Pakistan (APP) – Shaukat Tarin, Minister of Finance and Revenue, stated that the country was on solid economic footings, citing the most recent statistics on important economic indices.
The finance minister mentioned substantial industrial growth in February and a considerable fall in inflation in the previous week on his official Twitter account.
“Today, two crucial data figures were released: industrial production and SPI. Both emphasised the country’s strong economic foundation.”
According to the Pakistan Bureau of Statistics (PBS), Large Scale Manufacturing (LSM) increased by 8.2 percent in February and 7.6 percent from July to January of FY22.”
He stated that the Sensitive Price Index (SPI) was down 1.37 percent week on week to 15%, down from 21% in December 2021.