ISLAMABAD: Ali Muhammad Khan, the State Minister for Parliamentary Affairs, predicted on Friday that inflation will fall in the next two to three months.
Ali Muhammad Khan, speaking to the Senate House, said that the country has been affected hard by inflation; the administration cannot deny this, but the issue will be brought under control in the next three to four months.
To reduce the impact of inflation, he added the government is providing subsidies on ghee, sugar, flour, and other edibles to the general public.
Despite the fact that inflation is a global issue, commodity prices in Pakistan are still lower than in other countries in the region, he added.
Farmers earned Rs11 billion on their harvests, and tractors and motorcycles were sold in record numbers, Khan told members of the upper house.
Last Monday, Federal Energy Minister Hammad Azhar stated that the world is seeing a historic wave of inflation, which will peak in 2022.
In an address to a public meeting in Lahore, Hammad Azhar stated that the federal government is well aware of the hardships encountered by Pakistanis as a result of rising inflation.
