Inflation in Pakistan: The fastest rising prices here, left bankrupt Sri Lanka behind

Pakistan Economic Crisis: In Pakistan, which is facing economic crisis, the inflation rate is increasing day by day. The value of Pakistani currency is decreasing day by day and the prices of food items are continuously increasing there.

According to the latest figures of the Pakistan Bureau of Statistics, the ongoing political and economic upheaval in Pakistan is greatly affecting the lives of the citizens. There the monthly inflation has reached an all-time high. It was told by Arif Habib Limited that according to the data available since 1965, the inflation rate there is the highest ever. The inflation rate in April as measured by the Consumer Price Index (CPI) stood at 36.4% on an annual basis. While it was recorded 35.4% last month and 13.4% in April 2022. It has been told in the news of Pakistan’s Geo News that there has been an increase of 2.4% month-on-month in inflation.

Left Sri Lanka behind in inflation
The rise in inflation rate in Pakistan is such that it has now left behind even the bankrupt Sri Lanka. Where the inflation last month was 35.3%. Whereas in Pakistan it has been recorded at 36.4%. According to Bloomberg, prices in Pakistan have risen the fastest in Asia.

Foreign debt is also increasing
Pakistan’s foreign debt has also increased to more than $100 billion. According to a report by the State Bank of Pakistan (SBP), by the end of January 2023, the total debt stock of Pakistan had increased to 55 trillion Pakistani rupees. By 30 June 2022 it was Rs 47.78 trillion. At the same time, according to another report, Pakistan’s foreign debt has increased from Rs 17.879 trillion in December 2022 to Rs 20.686 trillion by January 2023. And, the government there again wants a huge amount so that the economy can be handled. Although he is not able to get a big economic package from any country.

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