ISLAMABAD: The government on Thursday claimed that inflation in the first half year of the current fiscal year slowed to 7.2 per cent from 28.8pc in the same period last year, mainly due to action against illegal foreign exchange companies, smuggling and hoarding.

According to the finance ministry announcement on Thursday, the sharp deceleration in inflation is attributed to exchange rate stability, prudent fiscal management, and improved supply arrangements for essential commodities.

It further said that strict action against illegal foreign exchange companies, smuggling, and hoarding has helped stabilise........

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