KARACHI: Pakistan’s Consumer Price Index (CPI) for January rose 28.3 percent from a year before, data from the Pakistan Bureau of Statistics showed on Thursday.
The is the last monthly CPI data before general elections due on Feb 8; and comes as Pakistan undertakes reforms linked to a $3 billion Standby Arrangement with the International Monetary Fund (IMF).
Monthly inflation for January registered a 1.83 percent rise from the previous month.
Pakistan’s central bank on Monday held its key rate at 22 percent for the fifth policy meeting in a row and increased its full-year inflation projections.
The governor of the State Bank of Pakistan said the decision was warranted due to “elevated” inflation — which was 29.7 percent in December.
He said a rise in the bank’s average inflation forecast for the fiscal year ending in June to 23-25 percent, from a previous projection of 20-22 percent, was due to rising gas and electricity prices.
Pakistan Consumer Price Index for January rises 28.3 percent from a year before
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Pakistan Consumer Price Index for January rises 28.3 percent from a year before
- This is the last monthly CPI data before general elections due on Feb 8
- Comes as Pakistan undertakes reforms linked to a $3 billion IMF bailout
India captain says will travel for Pakistan clash despite boycott
- Pakistan have announced they will boycott their match against India on Feb. 15 in Sri Lanka
- India need to be at the stadium on Feb. 15 to ensure they are awarded two points for match
MUMBAI: India captain Suryakumar Yadav said Thursday that his team would show up in Colombo for their T20 World Cup clash against Pakistan, despite their Group A opponents and arch-rivals boycotting the match.
“We haven’t said no to playing them (Pakistan),” Yadav told reporters at Mumbai’s Wankhede stadium, where India will begin their campaign against the United States on Saturday’s opening day.
“They are the ones who have said no. Our flights are booked and we are going to Colombo.”
India need to be at the stadium and ready to take the field for the February 15 match in order to make sure of being awarded the two points for a match forfeit.
The tournament, co-hosted by Sri Lanka and India, has been overshadowed by weeks of political posturing in the build-up.
Bangladesh were kicked out for refusing to play in India and Pakistan’s government then told its team not to show up at the clash of the arch-rivals as a show of support for Bangladesh.
Pakistan and India have not played bilateral cricket for more than a decade, and meet only in global or regional tournaments events.
India start the T20 World Cup on home soil with a great chance of retaining the title they won two years ago and Yadav agreed they were the side to beat.
“The way we have been playing, it looks like we are the favorites,” he smiled.
If that seemed like an overconfident statement, the India captain was quick to caution: “There are 19 (other) good teams in the tournament, though.
“On a given day, when you play, you have to bring your A-game and play good cricket.”
India know that their opening opponents, the United States, caused the biggest upset of the 2024 tournament when they beat Pakistan in a super over.
Yadav said no team would be taken lightly.
“I’m sure every game will be very important,” he said.
