News Snapshot:
Washington/Islamabad: Rising inflation in Pakistan, accelerating to 27.3 per cent in August — a 47-year high — can trigger “social protest and instability” in the cash-strapped country, the International Monetary Fund (IMF) has warned. Pakistan’s inflation measured by the consumer price index (CPI) accelerated to 27.3 per cent in August this year — the level last seen in May 1975 — even as the full impact of unprecedented floods on the prices of food items and other commodities is yet to come. The adverse impacts of the floods and consequent disruption in food supplies will be visible in the inflation...
