Pakistan’s annual inflation, as measured by the weekly Sensitive Price Indicator, rose to 11.85% in the week ended October 22, even as the country’s two biggest multilateral lenders praised its economic stabilisation and urged it to move on to growth. The numbers capture a gap that is becoming hard to ignore: macroeconomic indicators are improving,...
Petrol pumps across Karachi and the rest of the country entered an indefinite shutdown from midnight on Tuesday after talks between fuel retailers and the federal government collapsed, threatening fresh disruption for commuters and transporters in a city already stretched by rising fuel costs. The All Pakistan Petrol Pumps Owners Association announced the strike after...