As inflation in Pakistan continues to remain high, long queues for food showcase the desperation of citizens of Pakistan as making ends meet under depleting sources of income is becoming quite tricky, Dawn newspaper reported.
Rising inflation has dampened the Ramzan spirit in Pakistan. As the country prepares for the holy month, many seem to have lost their faith in the State that governs them, reported DW News.
Saudi Arabia is no longer willing to bail out Islamabad and refused to provide 'easy money' to Pakistan, demanding economic reforms, reported Middle East Eye.
This was fuelled by a consistent increase in the price of essential commodities, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
Consumer prices rose significantly in the outgoing week on the back of onions, chicken, eggs, rice, cigarettes and fuel, official data showed on Friday, driving the weekly inflation to over 40 per cent for the first time in over five months. Though week-on-week inflation eased slightly, it s
Weekly inflation, measured by Sensitive Price Index (SPI), has seen an rise of 31.83 per cent for the combined income group on a year-on-year basis, ending January 19, due to a massive increase in prices of food and non-food items, the Dawn reported citing data released by the Pakistan Burea
People on Sunday protested over rising flour and other vital commodity prices in a number of Khyber Pakhtunkhwa cities and demanded that the government take immediate action to regulate prices and guarantee the supply of daily-use food products in the province, Dawn reported.
Factors such as higher import and transportation costs, crop availability, demand and supply gap, hoarding, exchange rate issues, and the ongoing economic crisis have resulted in uncontrolled inflation in Pakistan, even on essential food items, the Dawn reported, adding that the condition wa
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
The interest rate in Pakistan skyrocketed to its highest in 24 years after the State Bank of Pakistan (SBP) raised its key policy rate by 16 per cent on Friday to curb inflation, according to Dawn.