Doris Quinn
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The recent rise in imported petrol and diesel prices has taken a toll on residents in Pakistan as the country’s rupee plummeted 12 per cent a week earlier. Government officials have said the move aims to combat the higher cost of energy in the global market. But many Pakistanis fear that the fuel price hike could unleash a new wave of inflation, with analysts saying the government may have to raise energy prices further to secure additional loans from the International Monetary Fund (IMF).
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