Several members of the Jamaat-e-Islami Paksitan on Thursday organised a protest in Karachi, raising their concerns against the soaring inflation and unfair taxes imposed by the government.
The protesters stated that it has become difficult to manage household expenses amid soaring inflation, but Islamabad has remained apathetic towards their plight.
The government's decision to devalue the currency by over 50 per cent within a year and eliminate subsidies as part of the latest instalment of the International Monetary Fund bailout package has exacerbated the nation's cost-of-living crisis.
As Pakistan grapples with a severe economic crisis and soaring inflation, this financial safety net of the people of Pakistan appears eroding, Dawn reported.
The protests started in PoK over the rising inflation and heavy electricity taxes. According to reports, protestors burned their electricity bills publicly at Abshaar Chowk. They said that people are forced to come on the roads.
Amid soaring prices and slumping economy, the inflation rate in Pakistan has increased by 3.46 per cent reaching 28.3 per cent in July, ARY News reported citing the Pakistan Bureau of Statistics (PBS).
Barring the latest pause, the US central bank has hiked the interest rate for the tenth consecutive time which was necessitated in the fight against soaring inflation.
During every Ramzan inflation increases by 500 per cent and this has not changed in the last 75 years. The rise of inflation during Ramzan in Pakistan is very strange because, in countries where the Muslim population is one per cent or even less, the governments supply up to 75 per cent reli
40 per cent inflation drains the festive spirit of Ramzan, Holi and Lenten in Pakistan with its religious minorities among the worst sufferers of the current economic slowdown.