China's rebound positive for global economy including Pakistan: Meher Kashif.

ISLAMABAD -- The Coordinator to Federal Tax Ombudsman and Chairman Kyrgyzstan Trade House Meher Kashif Younis on Thursday said that China's rebound would be proved as positive for global economy including Pakistan and help to some extent offset risks.

Talking to a delegation of industrialists and traders led by Shahid Nazir in Lahore, he said when Chinese policymakers began preparing for the reopening, many international observers warned it would unleash inflationary headwinds, said a press release issued here.

He said it was their assumption as the world's biggest factory and the second-largest economy re-opens for business after three years of Covid-19 pandemic restrictions, it will have to cope with a surge in demand. That, in turn, would trigger global inflationary pressures as in the United States and the European Union which have been struggling with elevated inflation since their re-opening,he added.

He said in the Eurozone, the situation was worse as inflation remained 8.5 percent last month after peaking at 11.1 percent in last November.

Meanwhile, the policy makers have raised interest...