Pakistan, Aug. 4 -- The Pakistan Industrial and Traders Associations Front (PIAF) has sounded a warning that rapidly rising inflation-driven by escalating food and energy prices-is placing immense pressure on manufacturers, traders, and the broader economy. With inflation hitting high in July, the highest annual rate since December last year and representing a monthly increase of 2.9%, PIAF leadership says urgent measures are needed to cut production costs and preserve industrial competitiveness.

PIAF Chairman Faheemur Rehman Saigol expressed deep concern that inflation has risen sharply due to surging non-perishable food items and administratively increased gas and electricity charges, yet interest rates remain unadjusted at 11%, well a...