Pakistan Inflation: This is the rise in inflation in Pakistan, which is facing economic crisis, even though the IMF has approved two installments of the $3 billion bailout package. Under this, the initial installment of $1.2 billion was released in July 2023, while now the second installment of $700 million has also been approved.
Pakistan Inflation: Pakistan, which is facing the biggest economic crisis in its history, has received help from many places including the International Monetary Fund (IMF), but despite this, the situation in the country remains the same. The state of inflation is such that leave aside chicken, even eggs are disappearing from people’s plates. According to a report, the price of 12 eggs in Lahore, Pakistan has reached Rs 400.
Eggs and onions increased the difficulty
According to the report of Pakistani news agency ARY, elections are going to be held in Pakistan in the coming month, but the chaos of inflation continues. Due to which the condition of not only the country but also the people here is becoming miserable. It said that on January 15, the price of a dozen eggs in Lahore reached 400 Pakistani rupees. Not only eggs but even onions are bringing tears to Pakistanis. Onion price in Pakistan has reached Rs 230 to Rs 250 per kg, while the government has fixed the price for it at Rs 175 per kg.
Chicken is being sold for Rs 615 per kg
Not only eggs and onions, the prices of chicken in Pakistan are also sky high and are showing no signs of decreasing. According to the report, one kg chicken is available for Rs 615 in Lahore. Apart from this, the people of the country are continuously facing the brunt of inflation on everything from everyday goods to food items. Here milk is being sold at Rs 213 per liter, while rice is being sold at Rs 328 per kg. Talking about fruits, the price of one kg apple has reached Rs 273, while tomato is being sold at Rs 200 per kg.
Instructions to stop hoarding have no effect
According to ARY, last month the country’s Economic Coordination Committee (ECC) had directed the National Price Monitoring Committee (NPMC) to coordinate with provincial governments to ensure price stability and take measures to prevent hoarding. . According to the statement issued by Pakistan Finance Ministry, this meeting was chaired by Acting Federal Minister of Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar.
Inflation out of control even after financial help
It is worth noting that Pakistan’s economy has been facing a sharp decline for the last several years and out of control inflation has especially made the condition of the poor people miserable and it is becoming difficult for them to survive. On the other hand, cash crisis is continuously increasing in the country. This situation of Pakistan is at a time when IMF has approved two installments of the bailout package of $3 billion. Under this, the initial installment of US$ 1.2 billion was released by the IMF in July 2023, while now the second installment of US$ 700 million has also been approved.