Consumer Price Index Rises to Highest Rate in Over Five Decades in Pakistan | Daily Dispatch

Описание: More economic woes for the people of Pakistan as consumer price index witnesses record-high rise, jumping up to more than 30%. With soaring inflation and food prices, Pakistan’s economic challenges will increase. As Pakistan tries to get the next tranche of loan from IMF, it undertakes stringent and difficult policy measure to generate more revenue: adding more taxes, cutting subsidies and allowing the market to determine its currency. These measures along with increase in global commodity prices are being attributed to record increase in consumer price index.

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