Pakistan’s central bank expected to hike rates

Inflation fell to 27.4% in August; food inflation remains at 38.5%. Rupee slides to all-time low, falling 6.2% in the last month alone. SBP said July inflation to be on downward path over next 12 months. KARACHI: Seeking to tackle sky-high inflation and bolster diminished foreign exchange reserves that have sent the rupee to record […]

from Daily Times https://ift.tt/XwfQkLh