Pakistan's Record Inflation and Deadly Food Stampede Crisis

1 min read
Source: NDTV
Pakistan's Record Inflation and Deadly Food Stampede Crisis
Photo: NDTV
TL;DR Summary

Pakistan's year-on-year inflation hit 35.37 percent in March, the highest in nearly five decades, as the government struggles to meet IMF conditions to unlock a desperately needed bailout. Poor Pakistanis are feeling the brunt of the economic turmoil, and at least 20 people have been killed since the start of Ramadan in crowd crushes at food distribution centres. The country needs billions of dollars of financing to service existing debt, while foreign exchange reserves have dwindled and the rupee is in freefall.

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