Lahore, 22 Sept.— Asian Development Bank (ADB) projected Pakistan's risk of inflation being higher than forecastIn Asian Development Outlook 2021, it points out, "Inflationary pressures will persist and likely come from ongoing economic recovery and rising global oil prices but should be tempered by expenditure reform and the government's commitment not to borrow directly from the central bank."The ADB report said the risk of inflation being higher than forecast derived from any unusual increase in oil prices or from potential currency depreciation in the wake of any early winding down of the ongoing IMF programme.Report projected that expenditure is also to rise in FY22 as the government has budgeted substantial increases in subsidies a...
September 22, 2021 at 9:17 pm | Economic Affairs