Inflation in Pakistan surged after Ukraine war pushed global prices up SBP governor.

State Bank of Pakistan Governor Jameel Ahmad has said the Ukraine war has pushed prices of goods which eventually led to inflation in Pakistan.

The governor was briefing the Senate Standing Committee on Finance -- chaired by Senator Saleem Mandviwala -- about the country's current economic health, inflation, interest rates and foreign exchange.

During the meeting, Senator Mohsin Aziz said their government gave autonomy to the central bank but they did not use it, adding the inflation and the interest rate had reached its historic peak in the country.

The central bank's governor informed the committee that the economy is currently facing many external and internal challenges and the Ukrainian war has increased prices of goods, which also led to inflation in Pakistan.

He said this year's current account deficit was estimated to be $10 billion.

Ahmad said...