The interim government has committed to providing accurate data on inflation and Gross Domestic Product (GDP) going forward, as announced by Finance and Planning Adviser Salehuddin Ahmed during a press briefing at the Planning Ministry on August 13.
Ahmed emphasized that controlling inflation will be the interim administration's top priority. He highlighted that recent disruptions and conflicts have affected the transportation of goods, leading to price increases. However, he noted that prices for some goods have begun to decrease and are expected to fall further as the situation stabilizes.
The Finance Adviser also pointed out that during the interim period, funding will be allocated only to urgent projects to avoid economic stagnation. He stated that funds would be directed to projects offering the greatest benefits at the lowest costs.
Ahmed assured that there will be no more discrepancies in economic indicators, emphasizing that the Bureau of Statistics will work more accurately to ensure reliable economic data.
He further mentioned that the implementation rate of the Annual Development Program (ADP) for FY 24 currently stands at 80.92%. Regarding mega projects, Ahmed indicated that the government will be cautious in funding such projects unless they are of significant public importance. He stressed the importance of avoiding wastage of funds and ensuring that foreign aid is used responsibly and effectively, with a focus on accountability and transparency in spending.
Salehuddin Ahmed concluded by stating that these measures by the interim government aim to stabilize the economy and improve the accuracy of economic reporting, providing a clearer picture of the nation's economic health.
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