PIAF calls for careful policy as record inflation high cost to hurt economy

ISLAMABAD-As the Consumer Price Index (CPI) based inflation has reached the highest level of 35.4 percent since July 1965, the Pakistan Industrial and Traders Associations Front (PIAF) has warned the record inflation and high cost of doing business would hurt economic growth, demanding a careful policy to keep it in control. PIAF Chairman Faheem ur Rehman Saigol said that the most serious threat to the economy in the current fiscal year would be inflation, as the government plan of approaching the International Monetary Fund (IMF) for financial assistance has brought a fresh wave of price-hike, because inflation is already hitting…