look news india
There is a big uproar in Pakistan regarding inflation. People are openly protesting against the government by raising slogans. Food prices are skyrocketing in Pakistan. Flour and bread are so expensive that common people cannot buy them. Abdul Hameed, who runs a shop in Karachi, told a news agency that the prices of food items are increasing. We cannot provide basic amenities to our families, but our leaders are having fun. We voted for the wrong people. They are having fun without paying attention to our needs.
The price of one roti reached Rs 25
According to a news agency report, currently one kg flour is available in Karachi for Rs 800. Earlier it was available for Rs 230. While the price of one roti has become Rs 25 in Pakistani currency, the price of one kg flour is still Rs 238 in Indian currency. Let us tell you that one rupee of India is equal to 3.45 rupees of Pakistan.
How will food be arranged for the family?
Besides, the basics are beyond our reach, said a school teacher in Karachi. Taking the example of gas, the government keeps fooling us that the government is making arrangements for LPG. Till some time ago, flour was available at Rs 230 per kg, now its price has crossed Rs 800. How will a person who earns Rs 500 per day support his family?
According to Pakistani newspaper Dawn, there is tremendous inflation in Pakistan at present. The inflation rate here has reached 38 percent, which is the highest in South Asia. Food inflation has also reached 48 percent, the highest since 2016. According to the Government of Pakistan, there has been an increase of 188% in tomato, 84% in onion, 55% in vegetables, 49% in spices, 44% in jaggery, 37% in sugar and 36% in potatoes. There has been an increase of 32% in flour and 22% in meat in one year. Gas prices have increased by 319%, electricity prices by 73%, furniture prices by 22% and book prices by more than 34%.
Understand why these bad days came to Pakistan?
The reason behind continuously increasing inflation in Pakistan is debt and slow pace of economy. The International Monetary Fund (IMF) also placed some conditions while giving loan to Pakistan. One of these conditions also includes removal of subsidy. Due to this situation, the Government of Pakistan has ended subsidies, due to which everything from food to basic necessities has become expensive. At the same time, Pakistani currency has also declined by more than 50 percent in one year. Due to this imports have become expensive. Asian Development Bank had released a report in April itself. At the same time, many major agencies have also predicted GDP growth to be low. The World Bank said the economic shock could push 10 million people into poverty. About 10 crore people of Pakistan are already living in poverty.