President Disposable Food Packaging Association (DFPA) Ahsan Shahid on Sunday warned that the record inflation and high cost of doing business continued to hurt economic growth, demanding a careful policy to keep it in control, as weekly inflation has surged to new highs for the third consecutive week.
In a statement issued here, he while quoting the data revealed a year-on-year increase of 38.66 percent in short-term inflation for this, marking an alarming trend in rising prices. He said the ongoing depreciation of the Pakistani rupee, coupled with soaring petrol prices, sales tax burdens, and mounting electricity bills were identified as the primary contributors to the persistent inflationary trend.—INP
