Pakistan is on the verge of bankruptcy and is roiled by several crises such as food shortage, high inflation, shrinking trade, unemployment, power outage, political instability, and growing debt. Yet, the focus has been on making religious punishments more rigorous.
The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by 25 basis points to 4.75-5.0 per cent at its latest two-day review meet.
All categories also witnessed double-digit growth with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 15 per cent, 81 per cent, 11 per cent, 14 per cent and 17 per cent, respectively, on year-on-year basis, according to the FADA statement released on Mond
Pakistan faces a crippling economic crisis, with decades-high inflation and critically low foreign exchange reserves depleted by continued debt repayment obligations.
The increase in the price of petroleum products was one of the preconditions of the Washington-based lender, which will lead to a hike in the already record-high inflation, coupled with the new fiscal measures undertaken through the 'mini-budget'.
Pakistan now faces nationwide electricity cuts, a severe shortage of gas and record-high inflation. This makes many necessary food items away from the general public and the political class of the country is still involved in a political war, reported DW news.
High inflation, Fitch Ratings said, may increase the operating costs of vehicles and the cost of living, which may hurt operators' debt servicing capacity.
Pakistan has a large amount of debt, high inflation, a spike in unemployment and a lot of other macroeconomic problems which clearly show the multiple challenges faced by the country.
Shimla (Himachal Pradesh) [India], October 23 (ANI): The high inflation rates make this Diwali a moderate one for the shopkeepers in the Shimla district of Himachal Pradesh. Markets in Shimla are facing problems in selling crackers as fewer people visit the market, and shopkeepers blame infl
New Delhi [India], October 17 (ANI): Indian stock indices fell marginally in early trade on Monday tracking weak cues from US markets, which apparently declined due to persistently high inflation in the country and the subsequent monetary policy tightening.