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Pakistan's perceived risk of default, as measured by the 5-year credit default swap (CDS), worsened further in a matter of days, reaching 75.5% due to uncertainty surrounding the IMF's (IMF) ninth review
Consumption declines on back of monsoon rains, sharp rise in prices
Minister expects country to record over 5% growth in ongoing fiscal year
Increased transportation costs to hike fruit, vegetable rates by 15pc; milk price to jump by Rs60 per litre
The massive rise in inflation in Pakistan could result in demand destruction and may create difficulties for the government to meet its tax targets, according to a media report.