This would mean significant downside risk to our underlying inflation profile, which is already below target because of the expected dissipation of one-time inflation effects from meat, communications and dollar depreciation. Obviously, these risks would be even more material if oil were to average $ a barrel.
Today, as it is a tradition on such occasions I am going to address on an important topic i.e. the role of private sector in the economic development of Pakistan. Most of you will end up in this sector and I would therefore like to give you some advice – as to what role you should play.