Key Points
The country has been struggling with soaring inflation, which last May hit an all-time high of 38% on an annual basis, partly driven by new taxation measures the government imposed to comply with..
Pakistan's finance ministry projected in a monthly report on Thursday that inflation would hover around 24.5%-25.5% in February, with expectations of further easing to 23.5%-24.5% in March as the crop situation and the supply of commodities improves...
In January, Pakistan's central bank held its benchmark interest rate at 22% for the fifth policy-setting meeting in a row and raised its full-year inflation projections...
The governor of the State Bank of Pakistan said the rise in its average inflation forecast for the fiscal year ending in June to 23%-25% from a previous projection of 20%-22% was due to increasing gas and electricity prices..
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