It is not a coincidence that these developments are occurring in tandem with Pakistan holding uninterrupted back-to-back elections for the first time in its history. Maybe democracy works?
KSE-100 rose marginally this week, due to the success of the OIC summit in the country. PKR depreciated slightly this week, amid news of a growing current account deficit. Local gold prices rose this week.
The annual change in Sensitive Price Index rose to 19.83% vs. 19.49% last week. The poorest of the country (Q1) were disproportionately affected with a change of 21.92% vs. 19.83% for Q5. On a weekly basis, prices rose for all quintiles by 0.40%.
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