# CPI inflation and a reserves squeeze mark Khan’s last months in office

Date: 2022

## The fact

By early 2022, still under Khan, Pakistan’s CPI was printing at multi-year highs and central-bank reserves were weeks of imports, after a delayed Fund review and an unofficially managed rupee.

## Context

PBS prints CPI. The State Bank held an unofficial rate. Fuel subsidies were politically defended. The Fund wanted adjustment. He did not sit as a PBS statistician.

The 2019 EFF is the neighbouring opening. The 2022 stall is a neighbouring Fund row. Shehbaz’s later tariff shock is later.

Pakistan’s prime minister is elected by the [National Assembly](/organizations/national-assembly) and chairs the cabinet. He does not write IMF Executive Board minutes, Indian statutes, army operational orders, NAB judgments, or PBS CPI methodology. A maiden speech is not a Finance Act. A rally is not a gazette. A diplomatic cable is not a completed foreign coup. A tweet is not a statute.

## Evidence and sources

Pakistan Bureau of Statistics carries the official instrument or communique. Reuters records the same dated act independently.

## Significance

The path is [inflationary pressure](/drivers/inflationary-pressure) and [household purchasing power](/drivers/household-purchasing-power): a completed high-inflation and thin-reserve spell in his last months transferred subsidy and rupee costs onto households.

## What is established and what is not

Established: early-2022 multi-year-high CPI and thin reserves during his premiership, independently reported from PBS.

Not established: that he authored global oil prices, or a unique later poverty coefficient from one print.

What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions.

The date is the date of this instrument, not a licence to back-date every later harm or benefit.

PBS measured. The State Bank managed the rupee. The Fund withheld a review.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies CPI inflation and a reserves squeeze mark Khan’s last months in office, not a later speech about CPI inflation and a reserves squeeze mark Khan’s last months in office.

Co-authors and later implementers named in Context remain on the file. CPI inflation and a reserves squeeze mark Khan’s last months in office on 2022-03-01 is not a licence to treat every later Pakistan Bureau of Statistics communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average CPI inflation and a reserves squeeze mark Khan’s last months in office into a personality. The contribution described on this Person row is limited to His cabinets delayed adjustment. PBS measured. The State Bank managed the rupee. The Fund withheld a review. That limit is the alternative to treating office-holding as authorship of every later series.

## People

- Imran Khan: https://factrail.ai/people/imran-khan

## Drivers

- Inflationary Pressure: https://factrail.ai/drivers/inflationary-pressure
- Household Purchasing Power: https://factrail.ai/drivers/household-purchasing-power
- Public-Debt Sustainability: https://factrail.ai/drivers/public-debt-sustainability

## Sources

- https://www.reuters.com/world/asia-pacific/pakistan-inflation-hits-12-year-high-imf-talks-stall-2022-03-01/
- https://www.pbs.gov.pk/

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/pk-imran-inflation-2022