The yearly inflation hit a new high of 38.42 per cent in the outgoing week in cash-strapped Pakistan as the trend of the hike in the prices of essential commodities continued to rise, according to a media report on Saturday.
The rise came on the back of new taxes imposed and an increase in the petroleum prices by the government to fulfil the demand of the International Monetary Fund (IMF) before releasing USD 1.1 billion dollars under an already agreed USD 7 billion deal.
