The International Monetary Fund (IMF) has given good news to the people of Pakistan who are crushed in the mill of inflation.
The International Monetary Fund (IMF) has said that inflation in Pakistan will come down next year. In a report on the global economic scenario, the International Monetary Fund (IMF) said that inflation in Pakistan is likely to be 8.8 per cent next year in 2021 and 10.7 per cent in 2020.
According to the report, unemployment in Pakistan is likely to increase in 2021 and this year the unemployment rate is 4.5 percent which is expected to increase to 5.1 percent in 2021. The report also states that the current growth rate in GDP. The year is 4% and it is expected to improve to 1% next year.
The IMF said in a report on the global economic scenario that the current account deficit is expected to be 2.5% of GDP next year.
It may be recalled that in the open market of Lahore city, the price of baby food, sirloin, dry canned milk has gone up by Rs 100, rice, oil and soap have gone up by Rs 10 to 20, while pulses Also Rs 15 to 76 was automatically increased.
The Punjab government claims to control inflation in the city, but the situation is different in the open market and Akbari Mandi. In one month, cooking oil has gone up by Rs 20, BB food by Rs 100 and soap by Rs 10 and only Rs 40, while pulses have gone up by Rs 76. And rice is being sold at an additional price of Rs. 20.
Extracted from City42 News