PAKISTAN INFLATION

Inflation at all time high in Pakistan

epa10466411 Pakistani laborers unloads flour at a wholesale grocery market in Peshawar, Pakistan, 14 February 2023. Staff-level talks between Pakistan and the International Monetary Fund in Islamabad ended, on 09 February, without an agreement, further delaying the disbursement of 1.2 billion USD in funding critical to the South Asian country to avoid a debt default. Pakistan is facing severe economic challenges, including a balance-of-payment crisis and shrinking foreign exchange reserves, which fell to 2.916 billion USD last week and are enough for only 16 or 17 days of imports, according to central bank data. EPA/BILAWAL ARBAB

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