'Pakistan's inflation is projected to rise to 29.5 percent in FY23' claims World Bank

Pakistan: The inflation rate in the cash-strapped country can rise to 29.5 percent in the fiscal year because of higher energy and food prices and the weaker rupee. Pakistan's government is also set to hike the prices of petroleum products by Rs 10-14 per litre during the next fortnight, further burdening the people who are hit by skyrocketing inflation, a media report said on Saturday.

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