Banking service chronicle published this article page no 1 pakistans economy has been facing various challenges including external shocks such as catastrophic floods in 2022 and a spike in international commodity prices due to russias war in ukraine. the nations inflation rate reached a reported record-high of 38 percent in may according to the state bank of pakistan. additionally the devaluation of the pakistani rupee which fell to 285.99 against the us dollar on june 27 has added further pressure to the economy particularly due to pakistans heavy imports of crude oil and petroleum products Banking service chronicle magazine subscription.
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