Governor State Bank of Pakistan (SBP) Reza Baqir on Thursday gave good news of remarkable decline inflation and in interested rate in the country from the upcoming months. Addressing the CEO Summit in Karachi, Reza Baqir said, “With a decline in inflation, its affects on the market will also be witnessed in the days to come.” The interest rate would also reciprocate with declining inflation and would also go down in the coming days, he added. “We are hoping for an improvement in the situation ahead as the situation has witnessed a turnaround from the past,” the Governor SBP said adding that currently the foreign reserves are witnessing a surge along with the stability in the rupee value. He said that now no one could predict an increase in dollar rate. “Our current account deficit and financial debts have also witnessed a decline,” he said and added that the number of challenges faced by the economy has decreased. Reza Baqir further said that with the current improving situation, no one could say that the country is going towards default. Earlier on February 12, Prime Minister Imran Khan while talking to ticket holders of PTI from Gujranwala said that the government is striving hard to provide maximum relief to masses despite the difficult situation and expressed hope that the government’s measures will bear fruit soon.