KARACHI: Korangi Association of Trade and Industry (Kati) President Salman Aslam has said that inflation is imminent owing to a constant fall in the value of rupee, a statement said on Wednesday. The political instability has cut off domestic and foreign investment, which is a matter of great concern, he added. The Kati president said … Read more
KARACHI: The industrialists on Wednesday rejected the significant hike in petroleum prices and urged the Prime Minister to revert the decision in order to avoid high inflation. The Korangi Association of Trade and Industry (Kati), in a statement blasted the government for the substantial increase in the petroleum products prices. Kati Acting President Maheen Salman … Read more
KARACHI: Pakistan continues to reel under high inflation. The country’s general inflation measured by the Consumer Price Index (CPI) clocked-in at a two-year high of 13 per cent in January, as prices of almost all commodities and utilities maintained a rising trend. Experts say the inflation in January 2022 rose 13 per cent on a … Read more
WASHINGTON: IMF Managing Director Kristalina Georgieva on Thursday said there was no alternative to a pending agreement with the Washington-based crisis lender to get Argentina out of its spiral of inflation and poverty. “Our main focus is to get Argentina out of this very dangerous path of high inflation,” she told reporters. Last week, Argentina … Read more
