Prime Minister Shehbaz Sharif has expressed satisfaction over the further reduction in the inflation rate.

In a statement today, he said rate of inflation witnessed zero-point seven percent during the last month, while it was at twenty-point seven percent in the same month last year.

Shehbaz Sharif said the inflation rate was recorded at the lowest level this year even during the month of Ramadan.

He said that the reduction in the inflation rate is also having positive impact on the lives of the common man and country's economy.

The Prime Minister said that substantial reduction in the inflation rate is the proof of the right direction of government policies and its tireless efforts for public welfare.

Shehbaz Sharif said the country has embarked on the path of development as government is working round the clock for public well-being.