Crime is on the rise in Pakistan as it struggles to overcome its economic crisis. The country's citizens are unable to fend for daily essentials and hunger is increasing among people.
The lack of coordinated fiscal and monetary policy responses, coupled with the complete inability of the central bank to keep inflation within the target range has led to a scenario where the country is on the verge of a hyperinflationary cycle.
Pakistan's year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
Rising inflation has dampened the Ramzan spirit in Pakistan. As the country prepares for the holy month, many seem to have lost their faith in the State that governs them, reported DW News.
This was the highest annual rate since available data, i.e. July 1965, according to the research firm Arif Habib Ltd, and is also expected to rise even further in the coming months.
People on Sunday protested over rising flour and other vital commodity prices in a number of Khyber Pakhtunkhwa cities and demanded that the government take immediate action to regulate prices and guarantee the supply of daily-use food products in the province, Dawn reported.
Bharatiya Janata Party (BJP) national president JP Nadda on Monday said that Indian citizens should consider themselves 'lucky' that the country is led by Prime Minister Narendra Modi.
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