Pakistan's government has played a big part in causing inflation in the country to soar, Shahid Kardar, the governor of the State Bank of Pakistan, said on 13 December.

Kardar pointed to the excessive government borrowing as the factor which turned supply shocks in goods such as wheat, sugar and urea, a fertiliser, into demand shocks. "[The] credit extended for ‘commodity operations', including both wheat and sugar, grew by 288 percent during the last three years compared to 33 percent in the