ISLAMABAD: An International Monetary Fund’s (IMF) report claimed on Saturday that the inflation in Pakistan would hit 5.2% in 2017 which is nearly twice that of the current year’s 2.9%.
Prices of petroleum products, coal and gas will be hit with a 27% hike in the coming year, according to the organisation. As purported by the international body, Pakistan would be witnessing effects of the hike by June 2017.
On the other hand, Asian Development Bank (ADB) has reported the likelihood of increase in crops prices by 3%, those of fertilizers by 2% and minerals and metals by at least 4.1%.
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