Inflation in Pakistan

Inflation means increases in prices and a fall in the purchasing value of money. The state bank (SBP) has increased interest rate by an incredible 150 basis points to 8.75% in an attempt to control rising inflation. It is estimated that Pakistan experienced an inflation rate of around 7% from 1157 to 2022, the number grew from 85% to 37%. Finally, I request the PM of Pakistan to control the inflation rate.

 

By: Kiyya Khalid, Kech

The writer is a student at Bright Future Academy Turbat

Kech Balochistan