The All Pakistan Business Forum (APBF) President has said that the inflation measured by the Sensitive Price Indicator (SPI) continued to witness a rise.
Pakistan yet again witnessed a year-on-year increase in short-term inflation which now stood at 30.82 per cent for the week ending on August 10, official data from Pakistan Bureau of Statistics (PBS) stated, ARY News reported.
Retired government employees in Pakistan-occupied Kashmir's (PoK's) Muzaffarabad town took to the streets demanding a rise in pension and medical allowance as inflation has taken a heavy toll on their everyday lifestyle.
According to Pakistan's newspaper, the second-round effect of the policy decision had led to decisions like a rise in energy and fuel prices, the central bank's policy rate, and the rupee's depreciation to secure International Monetary Fund's funding.
Islamabad [Pakistan], August 27 (ANI): Disruption in the supply of commodities due to the floods in Pakistan has increased the prices of petroleum products which has further resulted in a spike in the Sensitive Price Index to a record high at 44.58 per cent indicating at skyrocketing inflati