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Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 January 2025 Pakistan inflation rate was 4.1% lowest in 6.75 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
Inflation rate in Pakistan Source: Trading Economics: Pakistan Inflation Rate, ... This page was last edited on 23 May 2024, at 02:04 (UTC).
Pakistan's new finance minister Ishaq Dar said on Wednesday he will work to rein in inflation while cutting interest rates, saying the rupee currency was undervalued and promising a strong ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [65]
Aurangzeb also said inflation in Pakistan is down to 12%. At one point last year, it went above 40%, sparking angry protests. "Now we are moving towards the right direction,” Aurangzeb said.
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [ 1 ] [ 2 ] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [ 3 ]
15 October – 2024 SCO summit (Heads of government) in Islamabad. [150] 17 October – Punjab closes schools and universities due to student protests following an alleged rape at the Punjab College for Women. [151] 20 October – Two transgender women are stabbed to death in an attack on their residence in Mardan, Khyber Pakhtunkhwa. [152]
Under Gillani's presiding of the country, nearly ~40.0% of the population fell under the line of poverty, with 16.0% rise in the inflation during his four years of presiding over the country. [26] The new strict and tight monetary policy could not tame the soaring inflation, it did stagnate the economic growth. [19]