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| (Image source: BBC/EPA) |
Inflation in Pakistan topped 27 percent in January, the country's highest inflation rate in 48 years. The main reason for the increase in the inflation rate is the significant increase in the price of food, oil and gasoline in the country.
Dr Ashfaq Hasan Khan said that an accurate assessment of the impact of additional sales tax on the country's five-decade high inflation rate in Pakistan is not possible. It will be more than 30 percent.
According to him, the main reason for this will be the increase in food prices and consequently the increase in the price of gas, electricity, oil and gasoline.
He said there is no oversight of the deal in Pakistan for them to set the prices. On the one hand, additional sales tax makes things more expensive for consumers, on the other hand entrepreneurs and sellers sell at their own expense.
When will this streak of inflation end?
He says that as long as Pakistan is in the IMF program, the rate of inflation will continue to rise because these programs are designed to bind countries and the people there bear the additional burden of inflation.
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