Imran Khan’s removal as Pakistan’s Prime Minister had a lot to do with soaring inflation rates. Consumer price index inflation has surged to more than 20 percent year on year. An S&P report noted inflation “will remain elevated for the rest of this fiscal year” (FY23). Pakistan, like India, follows an April to March accounting year. India has next to no trade or business ties with its Western neighbour. Leaving out India, every country in the subcontinent is now under an International Monetary Fund (IMF) bailout programme and they are unlikely to come out of it soon.