Govt trying to control inflation, can't give any time frame: Dawood

LAHORE: Adviser to the Prime Minister for Commerce, Textile, Industry and Production Abdul Razak Dawood said on Sunday that the government could not give a time frame about when inflation will be controlled.

Speaking at an event, Dawood said that inflation was a very big issue and the government was trying to control it. He said that prices of food items will soon be controlled.

"The price of dollar has stabilised, fluctuation has been brought under control," he said.

Dawood said regarding CPEC that many matters pertaining to the corridor were headed in the right direction.

"CPEC's pace and direction are headed in the right way. The United States has its own interests," he said. 

On Friday, Chinese Ambassador to China Yao Jing rejected US Acting Assistant Secretary of State for South Asia Alice Wells’ recent statement regarding CPEC saying that Beijing will never force Islamabad to make timely payments of its debt, unlike the International Monetary Fund (IMF).

"If Pakistan is in need, China would never ask it to repay its loans in time," said Jing.