What has happened to poor Pakistan, know how the country’s GDP has gone from bad to worse
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A news related to Pakistan’s economy has come to the fore. Short-term inflation as measured by the Sensitive Price Index (SPI) rose to an all-time high of 46.65 per cent year-on-year (YoY) for the week ended March 22, mainly driven by a large increase in food prices, data showed. Shared as shown by Pakistan Bureau of Statistics (PBS) on Friday.
The situation in Pakistan, which is facing economic crisis, has become such that the Election Commission had to postpone till the elections. The country is passing through a period of deep economic trouble and political conflict. This constitutional crisis has posed a tough challenge for the entire governance system. Meanwhile, the lie of the Commission has also been exposed that it decided to postpone the elections due to the conditions of the International Monetary Fund. At the same time, a news related to the economy of Pakistan has come to the fore. Short-term inflation as measured by the Sensitive Price Index (SPI) rose to an all-time high of 46.65 per cent year-on-year (YoY) for the week ended March 22, mainly driven by a large increase in food prices, data showed. Shared as shown by Pakistan Bureau of Statistics (PBS) on Friday.
Last week, short-term inflation was recorded at 45.64 per cent on an annual basis. On a week-on-week basis, short-term inflation rose by 1.80 per cent due to costlier tomatoes, potatoes and wheat flour. SPI monitors prices of 51 essential commodities based on a survey of 50 markets in 17 cities across the country. During the week under review, the prices of 26 items increased, 12 decreased and 13 remained stable.
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