Pakistan Struggles With Soaring Inflation And Widening Wage Disparities

Islamabad: Pakistan is currently facing its highest inflation rate in nearly fifty years. In recent months, inflation has soared to as much as 38 per cent, marking the highest rate in South Asia. Food inflation has surged to 48 per cent, reaching its peak since 2016, Dawn reported.The government’s decision to devalue the currency by over 50 per cent within a year and eliminate subsidies as part
Islamabad: Pakistan is currently facing its highest inflation rate in nearly fifty years. In recent months, inflation has soared to as much as 38 per cent, marking the highest rate in South Asia. Food inflation has surged to 48 per cent, reaching its peak since 2016, Dawn reported.The government’s decision to devalue the currency by over 50 per cent within a year and eliminate subsidies as part
Go to Source