Pakistan's Inflation Crisis: A Comparative Analysis of Imran Khan's Era and the Current Government
By : Abu Khaldoon
Pakistan's economy has been grappling with the menace of
inflation for decades, but the past two years have seen a unprecedented surge
in prices, leaving the common man battered and bruised. The current
government's inability to control inflation has led to a significant decrease
in the purchasing power of the common man, making it difficult for him to make
ends meet. The prices of essential commodities like flour, sugar, and
electricity have skyrocketed, perpetuating a cycle of poverty and misery.
Imran Khan's Era vs. Current Government: A Price Comparison
According to official statistics, the price of a 20kg flour
bag has increased from Rs 1,100 in March 2022 to Rs 2,250 today. The price of a
domestic LPG cylinder has risen from Rs 2,467 in March 2022 to Rs 3,030 today,
while the market price has reached Rs 3,600-4,200. The price of a unit of
electricity has increased from Rs 6.5 in March 2022 to Rs 23-29 today, while
the subsidy on electricity has also been withdrawn.
EssentialCommodities: Then and Now
- Pulses:
- Dal Masoor: Rs
223 to Rs 329
- Dal Moong: Rs
165 to Rs 312
- Dal Mash: Rs 179
to Rs 260
- Dal Chana: Rs
179 to Rs 260
- Meat:
- Beef: Rs 600 to
Rs 1,200
- Mutton: Rs 1,400
to Rs 2,200
- Dairy Products:
- Milk: Rs 120 to
Rs 200
- Yogurt: Rs 140 to Rs 220
- Ghee:
- Ordinary ghee:
Rs 460 to Rs 500
- Utility store
ghee: Rs 300 to Rs 500
- Fruits and Vegetables:
- Tomatoes: Rs 97
to Rs 120
- Onions: Rs 50 to
Rs 200-250
- Potatoes: Rs 49
to Rs 80
- Beverages:
- Tea: Rs 260 to
Rs 544
- Other essentials:
- Washing soap: Rs
88 to Rs 130
- Bread: Rs 10 to
Rs 16
- Nan: Rs 12 to Rs
25
- Petroleum:
- Petrol: Rs 150
to Rs 293
- Diesel: Rs 144
to Rs 290
- Currency:
- US Dollar: Rs
180 to Rs 280
- Other commodities:
- Basmati rice: Rs
112 to Rs 240
- Irri rice: Rs 76
to Rs 170
- Broken rice: Rs
70 to Rs 115
- Live chicken: Rs
274 to Rs 516
- Powdered milk:
Rs 390 to Rs 840
- Eggs: Rs 130 to
Rs 245
- Butter: Rs 460
to Rs 500
Inflation Crisis: the Impact on the Common Man
The current government's failure to control inflation has
led to a significant decrease in the purchasing power of the common man. The
prices of essential commodities are increasing every day, making it difficult
for people to make ends meet. The government's claims of reducing inflation are
nothing but a myth, and the common man is suffering the most.
In conclusion, the current state of inflation in Pakistan is
a ticking time bomb, waiting to unleash its fury on the already beleaguered
common man. The government must take concrete steps to control inflation and
reduce the prices of essential commodities. The people of Pakistan are
suffering, and it is the government's responsibility to provide them with
relief. The government must act now, or risk facing the wrath of the people.
It's evident that the current government needs to take immediate measures to alleviate inflation and improve the country's economy. The government must address the people's concerns and provide solutions to inflation and unemployment issues promptly. It's crucial for the government to understand and fulfill the expectations of the people by presenting immediate solutions to the challenges of inflation and unemployment.
References:
https://www.pbs.gov.pk/sites/default/files/price_statistics/cpi/spi_annex_march_2022.pdf
https://www.pbs.gov.pk/sites/default/files/price_statistics/cpi/CPI_Monthly_Prices_Annex_0.pdf
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