Pakistan has been declareds the second most expensive country in South Asia. The Asian Development Bank has released the outlook for the year 2022. In which Pakistan has been declareds the second most expensive country in South Asia. “Pakistan is the second most Expensive Country in South Asia”
According to the report of the Asian Development Bank. The rate of inflation in Sri Lanka is 70.6% and the rate of inflation in Pakistan is 26.6%.
Inflation rate in Bangladesh is 8.9 percent and India inflation rate is 6.8 percent, the report said.
According to the report, the rate of economic growth in South Asia decreased due to floods. The floods in Pakistan and Bangladesh affected the economic growth.
Pakistan is the second most Expensive Country in South Asia
The rate of economic growth in South Asia will be 6.3% instead of 6.5%, the flood has caused damage to the economy of Pakistan. Delivered
Floods in Pakistan have caused great damage to agriculture, livestock. Wheat sowing is being affecteds by floods, inflation has increased in Pakistan due to floods.
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According to ADB’s prediction, the value of Pakistani rupee may fall further and Energy is likely to become more expensive in Pakistan.
On the other hand, according to the State Bank of Pakistan, remittances have decreased by 5% per month and 14% per year.
From July to November, Pakistanis sent 12 billion dollars of foreign exchange through banking channels, while in November, overseas Pakistanis sent 2 billion 10 million dollars.
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