The British business institute explained the real reason for the inflation in Pakistan

The British business institute explained the real reason for the inflation in Pakistan
Islamabad: The British Business Consulting Corporation said in a report on inflation in Pakistan that inflation is related to the rise in prices of food and drink.

According to ARY News, The Economist Intelligence Unit said in its report that inflation in Pakistan is due to rising prices of food items, and that disconnect of the supply of goods has led to a rise in prices.

The Economist Intelligence Unit said that increase in wheat, sugar and tomato prices led to inflation, inflation in January is the highest level since 2010, the average inflation rate in 2019 is 9.4%.

World-wide business forecasting institute predicts in its report that inflation will continue to rise in Pakistan for the next few months, agricultural production will be affected by locust’s attack, the government declared this situation a national emergency.

the report said that the central bank will tighten its monetary policy to curb inflation.

A few days ago, Advisor of Finance Abdul Hafeez Sheikh had said that the government has taken several decisions to control inflation, the nation will see inflation is gradually decreasing, in the last few months, the economy has stabilized. There is also support from the IMF to improve the economy. steps will have to be taken to tackle the profiteers at the provincial level, we are importing wheat.