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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 ...
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 ...
Pakistan's new finance minister Ishaq Dar said on Wednesday he will work to rein in inflation while cutting interest rates, saying the rupee currency was undervalued and promising a strong ...
The party of former Pakistan Prime Minister Imran Khan won a national election—and he gave his victory speech from behind bars. Things are absolutely bonkers in Pakistan right now Skip to main ...
Under Gillani's presiding of the country, nearly ~40.0% of the population fell under the line of poverty, with 16.0% rise in the inflation during his four years of presiding over the country. [26] The new strict and tight monetary policy could not tame the soaring inflation, it did stagnate the economic growth. [19]
Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
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]
No matter what the federal government does, inflation keeps rising with no clear end in sight. Consumer prices jumped 1.3 percent higher in June and a whopping 9.1 percent over the past 12 months ...