Pakistan economic slowdown, govt predicts increased inflation. "ECONOMIC BOOMB"

The strapped for cash According to a media source on Saturday, the Pakistani government has warned of increased inflation and a downturn in the economy and has laid the blame for the escalating financial crisis on the failure to sign the vital agreement with the IMF. According to The Express Tribune newspaper, the Finance Ministry stated in its monthly outlook report released on Friday that political unrest has begun to fuel the high expectations for inflation.

According to the ministry, inflation in March "may continue at the top bound as witnessed in February, when it reached 31.5 percent." Despite not providing a number this time, the market.

The ministry also warned that the International Monetary Fund (IMF) program's USD 1.1 billion tranches of funds was taking longer than expected to finalize than expected.

Even the State Bank of Pakistan's (SBP) contractionary monetary policies, according to the Finance Ministry, were unable to control inflation.

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