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Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 February 2025 Pakistan inflation rate recorded 2.4% lowest in 9 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
After taking office, he struggled to contain soaring inflation and maintain a good relationship with Pakistan’s military, which wields considerable political influence.
Pakistan's inflation rate rose to 31.4% year-on-year in September from 27.4% in August, primarily due to high fuel and energy prices. The rupee hit all-time lows in August before recovering in ...
The new strict and tight monetary policy could not tame the soaring inflation, it did stagnate the economic growth. [19] One economist maintained that stagflation took place when the tight monetary policy did not encourage the strong private sector to play a key part in growth. Analyzing the stagflation problem, the PIDE observed that a major ...
The transparency of Pakistan's military expenditure has been criticized. Major acquisitions by the armed forces, expenditure on the Public Sector Development Program (PSDP), expenditure on the nuclear program and para-military forces, payment of military pensions, and a few other military expenditures do not appear in the budget.
When the military was called on to help defend Pakistan's ailing currency, licensed foreign exchange traders cheered while their black market rivals in the bazaars of Peshawar, Karachi and other ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
Sharif is the preferred candidate of Pakistan’s powerful military, which, despite backing his ouster thrice in the past, recently allowed the 74-year-old back from exile in the U.K., quashed his ...