Sunday, July 14, 2024

Pakistan Declared 2nd Most Expensive Country In South Asia: Report

The Asian Development Bank (ADB) has declared Pakistan as the second most expensive country in the South Asian region.

The ADB projected that Pakistan’s inflation rate will continue high in the upcoming months and that the value of the Pakistani rupee may decline even further in the supplement report titled “Asian Development Assessment 2022 Supplemental.”

On the other hand, Sri Lanka has been declared the most expensive country in the region with an inflation rate of 70.6 percent, while inflation rate in Bangladesh is 8.9 percent and India is witnessed at 6.8 percent.

The report further stated that said that the floods have caused significant damage to Pakistan s economy, causing massive damage to agriculture, especially wheat and livestock.

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