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Storm of inflation in Pakistan, increase in difficulties for nation. Click on the link to see full news on BAADBAN TV

Importantly, inflation is a tax that erodes the purchasing power of the currency. Thus, the poor, who hold much of their assets in cash, bear this tax disproportionately, while the rich can partly evade it by holding assets that are return-bearing (like bonds), increasing in value (like land), or in a stable foreign currency (like the dollar).

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