Pakistan’s year-on-year inflation hit 35.37% in March, the highest since 1965, as the Shehbaz Sharif government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout. Pakistan is deep in debt and must enact tough tax reforms and push up utility prices if it hopes to unlock another tranche of a $6.5 billion IMF bailout and avoid defaulting.