KARACHI: Inflation in Pakistan remains a pressing issue with the Consumer Price Index reaching 10.3% in September 2026, compared to the previous year. This is according to Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum (PBIF). He attributed the inflationary pressure primarily to the ongoing US-Iran conflict, which has caused significant fluctuations in international petroleum prices. Despite a slight moderation from August's 11.1%, prices rose month-on-month by 1.3%, exerting pressure on both consumers and businesses.

According to the Pakistan Businessmen and Intellectuals Forum, essential expenses such as electricity and motor fuel have seen year-on-year increases of 32.46% and 37.73% respectively. Additionally, wheat and wheat flour prices have surged by 40.96% and 31.71%. These hikes have escalated production and transportation costs, impacting households, especially those with limited income, who are now forced to compromise on essential needs.

Mian Zahid Hussain highlighted the annual Wholesale Price Index inflation of 13.3% as a warning to the industry. Increasing wholesale prices demand higher working capital, while weak consumer purchasing power limits manufacturers from transferring costs to customers, affecting the profitability of small and medium-sized industries. He welcomed the Prime Minister's petrol subsidy for low-income citizens but urged further measures to make essential goods affordable.

Hussain called for expedited energy-sector reforms to align energy costs with regional standards. He pointed out issues such as electricity theft, line losses, and administrative inefficiencies that require immediate solutions. He emphasized the need for a predictable tariff framework to support long-term business planning and competitiveness in international markets.

To control food inflation, Hussain recommended effective coordination between federal and provincial governments, supported by reliable digital data. He proposed developing a digital dashboard to combat artificial shortages and profiteering, while improving storage, transportation, and market systems to benefit both farmers and consumers.

Hussain concluded that achieving macro-economic stability must translate into micro-level stability for households and businesses. He urged for targeted relief for low-income households and a reduction in unnecessary public expenditure. An effective anti-inflation strategy should focus on fiscal discipline, energy reforms, and strengthened supply chains to ensure that macro-economic gains benefit the broader population and business community.