Tag: Asad Umar

Food prices will drop significantly this month: Asad Umar

The government has claimed that food prices will start to drop during the current month (February 2020), according to ederal Minister for Planning, Development and Special Initiatives Asad Umar. To do so, Umar has directed to strengthen the monitoring system of 18 essential commodities including wheat, sugar and flour. Asad Umar instructed officials to maintain a regular supply of wheat from public-sector stocks.

Inflation will peak in next few months and then go down: Asad Umar

PTI leader and former finance minister Asad Umar has said that according to his assessment inflation rates would peak in next two to four months. While speaking on a local news channel, Umar said that after few months, slowly inflation rate would start going down, which would be reflected in monetary policy and hence, interest rates would also go down.