Pakistan's Inflation Reaches Record High, Triggers Deadly Food Stampede.

Pakistan's consumer price inflation rose to a record 35.37% in March from a year earlier, with food, beverage, and transport prices surging up to 50% year-on-year. At least 16 people were killed in stampedes for food aid, as thousands of people gathered at flour distribution centers set up across the country. The South Asian nation has been in economic turmoil for months with an acute balance of payments crisis, while talks with the IMF to secure $1.1 billion funding as part of $6.5 billion bailout agreed in 2019 have not yet yielded fruit.