There was an outcry in Pakistan as soon as the new Prime Minister took oath, from flour to petrol and diesel prices were on fire - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

Breaking

Wednesday, August 16, 2023

There was an outcry in Pakistan as soon as the new Prime Minister took oath, from flour to petrol and diesel prices were on fire

Inflation In Pakistan: Inflation has reached its peak in Pakistan. Sugar is being sold at Rs 200 per kg in Balochistan province. Similarly, flour has also become Rs 200 per kg.

Pakistan has got a new prime minister. Anwar ul Haq Kakar took oath as caretaker Prime Minister. Despite this, inflation in Pakistan is not taking its name. Along with flour, pulses, sugar, rice and green vegetables, all food items have become expensive. The condition of inflation is such that the general public in Pakistan is craving for every grain. People have to line up at shops to buy flour and rice. The special thing is that there the retail inflation has reached the seventh sky.

CPI inflation was recorded at 28.3 percent in the month of July. Whereas, in June last month it was 29.4 percent. However, there is a decline of about one percent in the figures. But at the ground level, all food items are still as expensive as before. Right now the price of one kg of sugar in Pakistan has gone up to Rs 200. Similarly, flour has also become expensive. A packet of 20 kg flour is coming for Rs 4000. Due to inflation, bread has disappeared from the plate of poor people in Pakistan. There has even been a shortage of flour in many states. People have to struggle for a packet of flour.

flour has become so expensive

If we talk about the month of May last, then the inflation rate in Pakistan had reached its highest level in 55 years. These figures of inflation were released by the Pakistani Accounts Committee. Then it was said in the report that food and drink items are being sold in Pakistan at five times higher prices. Especially in Balochistan province, inflation is making people cry more. Inflation has reached a record level in all the districts here. Sugar available at Rs 130 per kg is being sold at Rs 200 per kg. Here in Sahabatpur, the price of 20 kg flour has increased to 4000 Pakistani rupees. Whereas, the price of 20 kg of flour in India is around Rs 700. Means flour in Pakistan has become 5 times more expensive than in India. Similarly, onions, potatoes, tomatoes, ghee and oil have also become expensive.

The inflation rate was recorded at 35.37 percent in the month of March.

According to the Pakistani Accounts Committee, Pakistan had fixed the retail inflation rate at 11.5 percent for the current financial year. But, retail inflation has crossed the prescribed rate and reached the highest level of 55 years. According to the Consumer Price Index, the inflation rate of Pakistan was recorded at 35.37 percent in the month of March. At the same time, the inflation rate was 48.1 percent in April. This is the reason why even after changing the government, the inflation in Pakistan is not taking the name of reduction.

Diesel has become Rs 293 per liter

Meanwhile, there is news that petrol-diesel has once again become costlier in Pakistan as soon as caretaker Prime Minister Anwar-ul-Haq Kakar took oath. From August 16, new rates of petrol and diesel have come into force in Pakistan. The Pakistani government has increased the price of petrol by Rs 17.50 per liter and the rate of high speed diesel by Rs 20 per litre. That is, from today the price of petrol in Pakistan has become Rs 290.45 per liter and diesel has become Rs 293 per liter.

No comments:

Post a Comment