World Bank Warns of Rising Inflation in Pakistan Following Devastating Floods
ISLAMABAD: The World Bank has warned that Pakistan may face a new wave of inflation in the coming months as the country continues to grapple with the economic aftermath of recent floods. According to the latest report, extensive damage to agriculture and infrastructure caused by the floods could lead to higher food and commodity prices,…
ISLAMABAD: The World Bank has warned that Pakistan may face a new wave of inflation in the coming months as the country continues to grapple with the economic aftermath of recent floods.
According to the latest report, extensive damage to agriculture and infrastructure caused by the floods could lead to higher food and commodity prices, further straining household budgets.
The report also highlighted that around 1.6 million young people enter the labor market every year, emphasizing the urgent need to expand employment opportunities and revitalize economic growth to cushion the impact of inflation and unemployment pressures.
