The inflation rate in Pakistan continued to rise, registering 27.4 percent year-on-year in August, according to government data, due to the collapse of the rupee and the inability to curb rising prices, despite the agreement on the rescue plan adopted by the International Monetary Fund, prompting traders to close their shops.
In August, the inflation rate maintained its sharp rise to 27.4 percent with an increase in fuel prices by 8 percent compared to July, while the cost of water in urban areas increased by more than 11 percent and tomato prices by 82 percent, according to government data.
According to the” French”, the rise in prices sparked popular discontent with the approach of the general elections and prompted shop owners to close their doors on a large scale in major cities, such as Karachi, Lahore and Peshawar yesterday.
Saudi Arabia's Public Investment Fund (PIF) has marked a remarkable financial turnaround, achieving a profit of 138.1 billion riyals ($36.81 billion) in 2023, a significant leap from a...
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