This is with reference to a news items appearing in a section of Urdu and English Papers incorrectly quoting Advisor to PM on Finance Mr. Shaukat Tarin on inflation and interest rate data taken out of his conversation with media made during Karachi Stock Exchange Top-25 Companies Awards Ceremony.
It is clarified that what Advisor stated and meant was that inflation will go down to single digit by July-August, 2009, which finally is expected to move a next year average of (6%). Moreover, he did not speak about the financial instrument concerning interest rates in banking sector– which otherwise is the prerogative of State Bank of Pakistan.
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