Inflation ordinarily means an abnormal price hike in goods. Year-on-year inflation in January 2023 was recorded at 27.55% the highest since May 1975 with thousands of containers of imports held up at Karachi port.
Furthermore, Stricken by a balance of payments crisis while it attempts to service high amounts of external debt. Besides, food inflation increases by 42.9% over the last month. While perishable items were up 61.67% over the last year. Their prices fell 1.76% from December 2022. PBS said the country is negotiating with the international monetary fund to try to unlock bailout funds to assist its struggling economy.
By Mahnaz Bohair
Turbat, Kech
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