Inflation in Pakistan: In the month of Ramzan, Pakistan’s ‘inflation’ flared up, only 500 rupees a dozen
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Pudhari Online : In the month of Ramzan itself, Pakistanis did not get any consolation from inflation. Inflation in Pakistan has come down to a record level. The prices of daily essential items are also increasing continuously. That’s why the people of Pakistan, who are already in trouble, are being thrown under the umbrella of Mahagai. According to the Sensitive Price Indicator (SPI), inflation in Pakistan has reached 47 percent in the last week of March. And Pakistan’s Bureau of Statistics has also published the data regarding inflation.
Inflation in Pakistan: Pakistan’s biggest record break
According to statistics given by the Pakistan Bureau of Statistics, Potato (288 percent), Gas (108 percent), Maida (120 percent), Cigarette (165 percent), Diesel (102 percent), Tea (94 percent), Banana (89 percent), Basmati rice (81 percent), petrol (81 percent), eggs (79 percent) are major. According to statistics, out of 51 essential commodities, the prices of 26 commodities have increased (Inflation in Pakistan). The prices of 12 items have decreased slightly, while there is no change in the prices of 13 items as it is clear from the data.
Banana 500 Rs. dozen
In Pakistan, apart from other essential things, the prices of bananas have also increased. Only a maximum of Rs.500 per dozen is sold. According to the geographical location and availability, the sale of kalechi is between Rs 250 to Rs 500 per dozen, it is seen from online sales. The rate of kale has increased by 11.07 percent in the last eight days.
According to media reports, chicken (8.14 percent), spicy (2.31 percent), LPG (1.31 percent), mustard oil and garlic (1.19 percent), mustard (0.83 percent), edible oil (0. 21 percent) has decreased.
IMF exhausted by $1.1 billion a week
Somewhat comforting news for Pakistan even in the situation of severe inflation is that there has been a slight increase in their foreign exchange rate. As of March 17, 2023, Pakistan’s foreign currency has increased to $10.14 billion. Pakistan has to face huge payment problems due to the gangetic dwindling of foreign currency. Meanwhile, in 2019, the IMF would have announced a bailout package of $6.5 billion for Pakistan. This package is very important to save Pakistan from bankruptcy. Only because of the intra-orbital negotiations, $1.1 billion is stuck in the IMF for the week. But as of now no break has come out, Pakistan has changed its mind.
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