In a separate development, Bloomberg reported that the executive board of the International Monetary Fund (IMF) will meet on January 11 to consider the final approval to disburse the next $700 million tranche from its current loan programme with Pakistan.
It is pertinent to mention here that Pakistan’s weekly inflation, as measured by the Sensitive Price Indicator (SPI), witnessed an increase of 1.16 per cent during the week ending on November 23, the Pakistan Bureau of Statistics (PBS) data showed.
According to data released by PBS, the combined index was at 311.78 compared to 308.2 on November 30, 2023, while the index was recorded at 218.52 a year ago, on December 08, 2022.
The yearly SPI has stayed above the 40% mark for the fourth consecutive week, following a noteworthy hike in gas prices.