November 23, 2024 01:58 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Pakistan continues to grapple with inflation, price rise and power cuts
Pakistan
Photo Courtesy: Unsplash

Pakistan continues to grapple with inflation, price rise and power cuts

| @indiablooms | 01 May 2024, 08:54 am

Cash-strapped Pakistan has been battling various odds in recent times  making the life of common people difficult.

Apart from battling inflation and price rises, people across the nation are also trying to deal with power cuts and gas crisis.

Unable to bear with excessive power cuts, residents of Landi Kotal area in Pakistan blocked a section of the busy Torkham Highway on Monday.

They said they are facing load shedding for more than 20 hours even at this time when Pakistan is scorched by the summer heat.

The protesters accused the Tribal Areas Electric Supply Company of discriminating against them over power supply.

Staff members of grid stations in Landi Kotal, Jamrud, and Bara areas confirmed to Dawn News  the drastic reduction of power supply and said electricity was provided to the region for just two hours daily on the instructions of high-ups over the consistent refusal of residents to install power meters in their houses.

It is not the power shortage which is only bothering locals. The rising inflation is adding to their misery.

The cash-strapped country's finance ministry on Tuesday said inflation is expected to hover between 18.5% and 19.5% in April and ease in May to 17.5%-18.5%.

The rising inflation rate is making it harder for people to earn enough to afford essential items which include wheat.

A kilo of flour now stands at 800 Pakistani rupees (PKR), compared to the previous price of 230 PKR, media reports said.

Karachi shop owner Abdul Hameed recently expressed concern over the situation and criticised the government over ignoring them.

Hameed told Hindustan Times that the price of a single ‘Roti’ is now exceeding PKR 25, making it unaffordable for many families.

Primary school teacher Abdul Jabbar voiced a similar concern and told the newspaper that basic necessities are now beyond the reach of ordinary citizens.

He questioned the government's claims of arranging for affordable gas (LPG), citing the high costs faced by consumers.

With hopes of witnessing a change, people voted a new government to power in February but data and financial figures show their struggles are still continuing with PM Shehbaz Sharif and his minister still unable to usher in a better future.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos