Type to search

Pakistan’s Economic Pain Poses Political Headache: FT

But inflation has surged to the worst level in years, with essentials such as fuel, food and soap last week rising above 18% year on year


Pakistan
A vendor shovels hot sand over corn to be cooked in a box before it's sold to customers as a street snack in Peshawar. Photo: AFP

 

Pakistan’s more than 220 million people were spared the worst of the coronavirus pandemic’s initial economic shock, thanks in part to the government’s policy of shorter, looser lockdowns, the Financial Times noted.

But they are now facing a new crisis: inflation has surged to the worst level in years, with an index tracking everyday essentials such as fuel, food and soap last week rising above 18% year on year.

Read the full report: Financial Times

 

 

 

SEE MORE:

Pakistan Moves to Bring Cryptocurrency Boom Out of The Dark

Pakistan Exports Record Double-Digit Growth: Dawn

 

China allies back its vaccines despite doubts over safety and reliability

 

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

logo

AF China Bond