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Pakistan’s inflation rate has now reached 10.87% year-on-year in May which is considered progress. The previous month’s data for the annual consumer price index was 11.1%. Moreover, the State Bank of Pakistan expects people the economy of Pakistan to grow by 3.49% per year after the coronavirus destruction.
The price of basic supplies such as rice, meat, eggs, vegetables, sugar, chicken, and pulses have been rising ever since the pandemic has hit the world. Moreover, Pakistan had to face economic contraction last fiscal year when the economy has contracted by 0.4%.