As Pakistan grapples with a severe economic crisis and soaring inflation, this financial safety net of the people of Pakistan appears eroding, Dawn reported.
Massive anti-government protests are being held in Muzaffarabad city of Pakistan-occupied Kashmir (PoK) to raise the issue of high inflation and corruption by the politicians.
The recent increase in electricity bills has further frustrated the people and traders who have already been heavily burdened by the rising inflation in Pakistan.
In response to growing public criticism, Jamaat-e-Islami (JI) agreed on Sunday to stage a nationwide strike against rising electricity rates on September 2, ARY News reported.
Owing to the sharp increase in electricity and Liquefied Petroleum Gas prices, the short-term inflation witnessed an year-on-year surge of 29.21 percent for the week ending on July 26, according to the official data release on Friday, reported Dawn.
According to figures from the Pakistan Bureau of Statistics (PBS), consumer price index (CPI)-based inflation reached 36.4 per cent in April 2023 while rising 1.6 per cent month-over-month (MoM) in May.
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 situation is the same across Pakistan. People do not have money to buy and one reason for increasing crime rates is unstoppable inflation and poor people having no way out to meet ends, as per Daily K2.
Retired government employees in Pakistan-occupied Kashmir's (PoK's) Muzaffarabad town took to the streets demanding a rise in pension and medical allowance as inflation has taken a heavy toll on their everyday lifestyle.
Taking a sharp dig at the current rulers of Pakistan, Human Rights activist and chairman of United Kashmir People's National Party (UKPNP), Shaukat Ali Kashmiri has said that the inflation in the country breaking all records, inching Pakistan towards default.