Pakistan consulate hosts suhoor in Dubai to woo investors to Lahore trade show

KARACHI: Pakistan’s annual inflation rate rose to 3.5% in May, higher than the April 2025 reading of 0.3%, data from the statistics bureau showed on Monday.

On a month-on-month basis, inflation decreased by 0.2% in May 2025, as compared to a decrease of 0.8% in the previous month and a decrease of 3.2% in May 2024. The CPI inflation average during 11MFY25 stood at 4.61%, compared to 24.52% in 11MFY24.

Inflation has cooled significantly, easing from 37.97% in May 2023.

The CPI reading is higher than the government’s expectations. In its monthly economic report released last week, the finance ministry expected inflation to ease to between 1.5% and 2% year-on-year in May, before picking up to 3%-4% in June.

“CPI inflation General, increased to 3.5% on year-on-year basis in May 2025 as compared to 0.3% of the previous month and 11.8% in May 2024,” the Pakistan Bureau of Statistics (PBS) said in its monthly report.

“On month-on-month basis, it decreased by 0.2% in May 2025 as compared to a decrease of 0.8% in the previous month and a decrease of 3.2% in May 2024.”

Food items, whose prices recorded an increase, included Eggs (24.38%), Chicken (8.63%), Condiments and Spices (5.50%), Sugar (4.07%), Gur (3.66%), Milk Powder (2.80%), Potatoes (1.64%), Butter (1.31%), Fresh Fruits (1.21%), Pulse Gram (1.09%), Beverages (0.87%), Meat (0.82%), Sweetmeat (0.79%) and Pulse Moong (0.53%).

Non-food items that witnessed an increase in rates were Cotton Cloth (3.20%), Motor Vehicles (1.86%), Postal Services (1.74%), Major Tools & Equipment (1.23%), Readymade Garments (1.02%), Tailoring (0.95%) and Cleaning & Laundry (0.65%).

The latest CPI reading was also higher than projections made by several brokerage houses.

JS Global projected Pakistan’s headline inflation to inch up to 2.7% in May.

“Pakistan’s CPI is expected to clock in at 2.7% for May. The base effect is now fading, signaling a return to normalized price trends. This is likely to take 11MFY25 average inflation to 4.7%, down from 11MFY24 average of 24.9%,” JS Global had said in a report.

Last month, the State Bank of Pakistan cut the key interest rate by 100 basis points (bps) to 11%, the lowest policy rate since March 2022 (9.75%). The central bank has cut the rate by 1,100 bps since June from an all-time high of 22%.

KARACHI: Pakistan has detected the first-ever polio virus case in the northern Gilgit-Baltistan region, bringing this year’s tally to 11 cases, the polio eradication program said on Monday.

Polio is a paralyzing disease that has no cure. Multiple doses of the oral polio vaccine and completion of the routine vaccination schedule for all children under the age of 5 are essential to provide children high immunity against the disease.

Pakistan and Afghanistan are the last two countries in the world where polio remains endemic. The country reported 74 polio cases in 2024.

“The Regional Reference Laboratory for Polio Eradication at the National Institute of Health has confirmed a new case of wild poliovirus in District Diamer, Gilgit-Baltistan,” the polio eradication program said in a statement.

“This is the first case of wild poliovirus reported from Gilgit-Baltistan and the eleventh confirmed case in Pakistan this year.”

Pakistan concluded a nationwide polio vaccination campaign on June 1. The drive had aimed to inoculate 45 million children under the age of five across 159 districts of the country.

In the early 1990s, Pakistan reported around 20,000 polio cases annually. By 2018, that number had dropped to just eight. In 2021, only one case was reported, and six cases were recorded in 2023.

Pakistan’s polio eradication program began in 1994, but efforts have been repeatedly undermined by misinformation and resistance from some religious hard-liners. These groups claim that immunization is a foreign plot to sterilize Muslim children or a cover for Western espionage.

Militant groups have also frequently attacked polio vaccination teams and the security personnel assigned to protect them.

Last week, a Pakistani police officer was killed when gunmen opened fire on a team of health workers conducting a door-to-door polio vaccination campaign in the southwestern Balochistan province.