Finance Ministry rejects media reports on rise in inflation

ISLAMABAD: A spokesman for the Ministry of Finance said here on Saturday that certain media reports had made references to the finance minister’s statement at the IMF talks in Dubai wherein he hinted at rise in inflation.
The spokesman said that the minister had actually apprised the IMF delegation that overall inflation rate had considerably decreased from 8.6pc in financial year 2013-14 to below 5pc in financial year 2014-15, according to statement issued here.
For the month of July 2015 the inflation rate was reported as low as 1.8pc. The minister had actually stated that inflation would be higher than the July figure of 1.8pc.
It is hoped that the overall inflation rate for the fiscal year 2015-16 would remain as projected in the macro economic framework, the spokesman added.