Onion costs Rs 250 PKR per kg in the poverty-stricken Pakistan

Debt increased by Rs 12.43 trillion PKR during the tenure of the caretaker Government

Islamabad (Pakistan) – Inflation has skyrocketed in the poverty-stricken Pakistan. In Lahore city, a dozen eggs cost Rs 400 PKR while onion is sold at Rs 250 PKR per kg. The situation is said to have arisen due to the administration’s apparent failure to fix certain common prices. There has been a caretaker Government for the past one year and parliamentary elections are being held on 8 ^th February.

“In cash strapped inflation-hit #Pakistan, onion prices soar to 250 rupees (PKR) per kilo.

During the interim Government’s tenure, the national debt has surged by 12.43 trillion rupees (PKR).

What will become of Pakistan, entangled in deals with the #Chinese dragon for various… pic.twitter.com/LQCmTYl8DK

— Sanatan Prabhat (@SanatanPrabhat) January 15, 2024

1.Although the Government has fixed the onion prices at Rs 175 PKR, it is being sold at a higher rate. Chicken meat is being sold at Rs 615 PKR per kg. Last year, the price rise of flour led to a stampede in some places and some people even lost their lives.

2.During the tenure of the Pakistan Democratic Movement (PDM) and the caretaker Government, Pakistan’s total debt increased by over Rs 12.43 trillion PKR.

3.The overall debt burden now stands at Rs 63.39 trillion PKR, including Rs 40.956 trillion PKR in domestic loans and Rs 22.434 trillion PKR in international loans. According to a report released by the World Bank, whatever development will happen in Pakistan in the future will be limited only to the elite. Pakistan’s economic structure has been shaky and ineffective.

4.Pakistan received a loan of USD 700 million i.e., Rs 58,000 crore INR from the International Monetary Fund (IMF) 3 days ago.

5.According to the information of the international news agency Reuters, the World Bank had set a condition to the Pakistani Government that new loans would be given if interest rates, electricity and natural gas prices were increased.

Editorial Perspective

What else would happen to Pakistan, a country that is the foundation of Jihadi terrorism and hatred for India and has joined hands with the Chinese dragon for various agreements ?