Mounting inflation woes weigh on Pakistanis as Ramadan preparations begin

Описание: Amid the high inflation, people in Pakistan thronged to the markets before Ramadan. People were making bulk purchases of food and provisions for the holy month of fasting. However, rising prices amid decades-high inflation have raised eyebrows of residents in Islamabad and Karachi. Salma Bibi, a domestic worker in Karachi shared that she is not able to buy anything due to the high prices. Cash-strapped Pakistan prepares for Ramadan as it awaits a bailout package of $1.1 billion from the IMF. The fiscal adjustments have already fueled 50-year record high inflation, which hit 31.5 pc year-on-year in February. Karachi resident Ehsan Ali shared that everything is beyond the reach of the poor. On top of economic woes, the political stand-off between supporters of ex-PM Imran Khan and security forces persist amid multiple legal proceedings against the former cricket star. Meanwhile, people in Pak are paying price of political infighting, said General Secretary of Islamabad Wholesale Dealers Welfare Association. Ramadan is expected to begin in Pakistan on March 23.

#Inflation #Pakistan #Ramadan2023

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