Pakistan second most expensive country, inflation rate forecast to remain high

Dr Abdul Waheed
SUKKUR: The Asian Development Bank (ADB) has declared Pakistan as the second most expensive country in the South Asia region and has predicted that the rate of inflation will remain high in the country. The Asian Development Bank (ADB) has released its outlook for the year 2022, in which it has predicted that the rate of inflation in Pakistan will remain high in the coming months, the value of the Pakistani rupee may fall further. Inflation rate in Pakistan is 26.6%. According to ADB forecast, energy is likely to become more expensive in Pakistan, the rate of economic growth in South Asia has slowed down due to floods, floods in Pakistan and Bangladesh have caused economic damage. Affected development. According to the report, Sri Lanka is the most expensive country in the region with an inflation rate of 70.6 percent, Bangladesh with an inflation rate of 8.9 percent and India with an inflation rate of 6.8 percent. The report said that the floods have caused significant damage to Pakistan’s economy, with the floods causing damage to agriculture, especially wheat and livestock.