Rising food inflation has hit Pakistanis particularly hard this year. Ramzan - the festival of prayer and lavish food preparations has been overshadowed by soaring inflation in the country as the price of fruits has increased from PKR 350 to 400.
Banks are refusing to issue new letters of credit for importers due to a shortage of dollars. This has hit the economy which is already suffering due to soaring inflation in the country.
New Delhi [India], October 6 (ANI/ATK): As yet another blow of the bearish cycle hits the market, the prices of most top-performing cryptocurrencies like Ripple (XRP), Litecoin (LTC), and others are descending. In the meantime, MetaCryp (MTCR) comes forth as a new Metaverse gaming project. T
Dhaka [Bangladesh], August 10 (ANI): Bangladesh's textile industry is currently facing major challenges due to the global recession and inflation as retailers in both European and US markets are either deferring the shipments of finished products or delaying orders due to soaring inflatio
Istanbul [Turkey], June 24 (ANI): Turkish President Recep Tayyip Erdogan has bleak chances to retain his position despite the advancement of elections as soaring inflation and continuous fall of the Turkish Lira have deteriorated the country's economy.
New York [US], June 16 (ANI/Xinhua): Nearly seven out of 10 economists believe there will be a recession in the United States next year amid geopolitical tensions and soaring inflation, Newsweek on Tuesday cited a new poll.
Istanbul [Turky], May 9 (ANI/Xinhua): The Turkish currency broke through a key threshold Monday against the U.S. dollar amid the soaring inflation rate.
Beijing [China], April 28 (ANI): China is calling on the United States to undo the increase of tariffs on Chinese goods amid soaring inflation in the country, Chinese commerce ministry spokesman Gao Feng said on Thursday.
Islamabad [Pakistan], February 3 (ANI): Pakistan's problem with inflation continues as it has reached a two-year high of 12.96 per cent thereby giving further problems to the Imran Khan government.
Islamabad [Pakistan], January 21 (ANI): Amid soaring inflation in Pakistan and the passing of a mini-budget worth Rs 360 billion, PKR (Pakistan currency) might fall to Rs 200 against US dollars.
Islamabad [Pakistan], January 18 (ANI): Amid soaring inflation in Pakistan, the rates of medicines, prepaid cellular cards and sales tax rate on import of electric vehicles have increased due to the mini-budget worth Rs 360 billion, which was passed by the National Assembly last week.
Shangla [Pakistan], December 31(ANI): Transporters in Puran and Makhozi tehsils in Pakistan's Shangla District went on a wheel jam strike to protest the toll tax collection started by Tehsil Municipal Administration (TMA). Pakistan's inflation rates are soaring and amid this transporters are