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
Saudi Arabia condemns deadly mosque bombing in Pakistan’s capital
- The Kingdom rejects targeting of places of worship, expresses solidarity with Pakistan
- Saudi foreign ministry offers condolences to victims’ families, wishes injured recovery
ISLAMABAD: Saudi Arabia on Friday condemned the suicide bombing that targeted a mosque in Islamabad, expressing solidarity with Pakistan after the attack killed and injured dozens on the outskirts of the capital.
The blast, which struck during Friday prayers, killed at least 31 people and wounded more than 160 others, according to Pakistani authorities.
In a statement issued by its foreign ministry, Saudi Arabia denounced the targeting of a place of worship and rejected all forms of violence and extremism.
“The Kingdom of Saudi Arabia expresses its strong condemnation and denunciation of the terrorist bombing that targeted a mosque in the capital of the Islamic Republic of Pakistan, Islamabad,” the statement said.
It added that the Kingdom stood firmly against attacks on civilians and places of worship and reaffirmed its support for Pakistan in confronting militant violence.
The ministry also extended condolences to the families of those killed and expressed sympathy with the Pakistani government and people, wishing the wounded a speedy recovery.
No militant group has so far claimed responsibility for the attack, which Pakistani officials say is being investigated.
