Pakistan: Caretaker Prime Minister Anwarul Haq Kakar canceled his visit to Kenya amid uproar over inflation and electricity bill issues. The Tajir Action Committee in Karachi on Friday gave the government 72 hours to reduce the electricity bill. The committee has said that if the government does not do this, they will go on strike for 10 days.
“We have kept our shops closed so that our message can reach the country’s ruling classes,” Fahad Ahmed, a Karachi-based businessman, told AP news agency. If they do not understand our problem, then we will have to adopt other methods.
Ahmed said – I will pay one lakh rupees as rent and the electricity bill will also be the same, how will I survive? According to the data released by the Government of Pakistan, by the end of August, the inflation rate there had reached 27.4 percent. The price of one liter of petrol has reached 300 Pakistani rupees.
When a question was asked to caretaker Prime Minister Anwar ul Haq Kakkar on rising inflation in Pakistan, he said that people will have to pay the bill. Apart from this, they have no other option. Kakkar said that by giving subsidies to the people now, we cannot buy trouble for the future.
According to Pakistani economist Mohammad Sohail, the country is passing through a challenging phase despite receiving loan installments from the IMF. Due to the rules imposed by the IMF in lieu of loans, the entire burden has fallen on the public.
He says that inflation is the biggest problem in Pakistan. The reason for this is the continuously falling value of Pakistani rupee. The price of one dollar Pakistani rupee is at the lowest level against the dollar in 76 years. The price of one dollar against the Pakistani rupee has gone up to Rs 307.