Pakistan is going through an economically rough patch due to which all the industries are slowing down as well. Pakistan Bureau of Statistics revealed that large-scale manufacturing declined by 7.75 percent in October. Moreover, due to high inflation rates and ever-increasing prices of raw materials, economists believe that there will be a further economic slowdown. …
Tag Archives: inflation
UK to be Hit by Worst Recession in History
The UK economy is witnessing a shrink and is going through economically tough time and is expected to experience a recession The analysts suggest that UK economy shrank between July and September and is expected to be hit by a long recession. The country is going through a recession because of market collapse, high inflation …
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Inflation touches the highest peak in March, PBS
ISLAMABAD: The Pakistan Bureau of Statistics (PBS) announced on Thursday that inflation rose to over 9% in March, the highest rate in three months, due to increases in food and electricity prices, especially in rural areas of the country. Three days after Prime Minister Imran Khan sacked Finance Minister Dr Abdul Hafeez Shaikh for not …
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