Pakistan’s economic situation is becoming increasingly dire, with the cost of electricity bills now exceeding house rents in many areas. Although there has been a slight decrease in inflation, the country still faces the highest inflation rate in Asia, putting additional pressure on its already struggling population.The government’s recent decision to raise energy prices has only added to the public’s discontent. This move was made to meet the conditions of an IMF loan, but it has resulted in electricity prices skyrocketing by 155% since 2021.
This drastic increase has caused significant financial strain for many households, making it difficult for people to make ends meet.The situation has led to widespread protests against high tariffs and economic reforms, with many citizens expressing their frustration and discontent. To make matters worse, half of Pakistan’s population is living on less than $4 a day, making it difficult for them to cope with the rising costs of basic necessities like electricity.The economic crisis in Pakistan is having a devastating impact on its citizens, and the government faces mounting pressure to find solutions to alleviate their suffering.
Source link
