Umar Rehman Malik says stable economy must to defeat inflation

Abdullah Jan

Islamabad: Pakistan People’s Party (PPP) leader Umar Rehman Malik this week said that a stable economy was essential to defeat inflation.

“Prudent economic policy is critical for the lowering of inflation and economic development in Pakistan. The IIF, a global trade group for the finance industry has warned that populist policies aimed at controlling social tensions could result in more government borrowing and still less fiscal restraint,” he posted on X.

He added: “This could further increase the interest burden from already record levels. The prudent economic policies outlined by PPP Chairman Bilawal Bhutto Zardari.”

He said the PPP will bring stability and the eventual decrease in inflation, resulting in the relief and eventual growth and prosperity of the lower income segment of the population.

Earlier, Bilawal Bhutto Zardari said that only two political parties, PPP and Pakistan Muslim League – N (PML-N), were left in the electoral arena after Pakistan Tehrik-e-Insaf (PTI) lost its ‘bat’ symbol less than a month before the general elections.

The PPP chairman urged the nation to vote for the arrow in the February 8 elections, as he claimed that an attempt was being made to impose PML-N supremo Nawaz Sharif on the country for the fourth time.

The former foreign minister said that people across the country were not pleased with the rulers sitting in Islamabad, as they do not consider them “slaves”. He vowed to address unemployment, poverty, and other issues if his party was elected in the polls.

The PPP chairman also promised to introduce welfare schemes for farmers and the youth, adding that his government, if elected, would double the salaries.

Bilawal reiterated his call that the country needed new leadership and people would use their vote to give space to “new thinking”.