In economics, inflation is a general increase in the prices of goods and services in an economy. Inflation is commonly experienced all over the world nowadays.*There is high inflation in Pakistan these days. In Pakistan, every regime has been taking loans from IMF, ADB and different countries so as to run the country since much too long ago.

Economy of Pakistan can’t have been stablized by the regimes ever since whoever came on power causing them to avail loans in every tenure for far too long. These are the stipulations by IMF, ADB*to increase prices and end subsidies on*oil, electricity and other things for current regime causing high inflation in Pakistan.

Inflation will increase much again, when government imposes*tariffs as much as they can. Regime will recover loan installments from its folks through tariffs. Like other government employees, free oil should be halted to be given to high ups by government in Pakisan. In case, regime doesn’t do it, other government employees should likewise be given oil free.

To halt taking loans, keep interest rate upto 6%, not to let currency rupee be devalued, control dollar, allocate subsidies, and to lower tariffs’ amount will abudantly help control inflation in Pakistan.*

Like Pakisan, there are a few significant initiatives that should be taken by any country in the world so as to control inflation. Halt taking loans, value your currency as much as possible and don’t let it be devalued, keep interest rate upto 6%, zero or negative, lower the traiffs’ amount, allocate subsidies. Taking these vital initiatives any regime can control inflation in its country in the world.

The common measure of inflation is the inflation rate. There is standard inflation rate in every country that’s why the policies shouldn’t be applied irrespective to their standard inflation rate. Every country has different currency value, allowances, and different earning margins causing different inflation rate which can not be compared with each other in the world.

Today, most economists favour a low and steady rate of inflation. Low (as opposed to zero or negative) inflation reduces the severity of economic recessions by enabling the labor market to adjust more quickly in a downturn, and reduces the risk that a liquidity trap*prevents monetary policy*from stabilising the economy, while avoiding the costs associated with high inflation. The task of keeping the rate of inflation low and stable is usually given to monetary authorities.

Written by Shahjehan Soomro