Price hike in Pakistan: the worst of all worries

The most serious issue Pakistan’s economy is currently dealing with is price increases or inflation. Life has become miserable for the average person as a result of the ongoing increase in the cost of necessities like food, fuel, and medicine. The general public’s standard of living is not the only thing this phenomenon is affecting; it is also fueling social unrest across the nation.

There are numerous factors contributing to the price increase. The rise in the price of oil on the global market comes first. Pakistan relies heavily on imported oil, and when the price of crude oil increases globally, it has a negative impact on the regional economy. The issue has also been exacerbated by Pakistan’s struggling economy, high-interest rates, and currency devaluation.

However, several causes can be identified for Pakistan’s dollar exchange rate’s ongoing rise. One of the main causes is the nation’s substantial import bill, which raises the demand for dollars. Energy and other necessities must be imported into Pakistan, and the pressure on its foreign exchange reserves is increased by the high demand for dollars to pay for these imports. Further weakening Pakistan’s currency is the fact that its exports have not been able to keep up with its imports, resulting in a trade deficit. Due to investors’ reluctance to invest in a nation with an unstable economy, political unrest, and economic ambiguity have also boosted the dollar rate.

#inflation #pti #imrankhan #lahorehighcourt

Welcome to the official channel of Dunya News. Pakistan’s Top News Network delivering the latest from around the globe.

Home to some of the most popular Talk Shows and Journalists such as Hasb e Haal, Mazaaq Raat, Dunya Kamran Khan Kay Sath, On The Front With Kamran Shahid, Think Tank, Ikhtalafi Note and, more.


Dunya News Live Stream
https://dunyanews.tv/live

Follow Our Facebook Page: https://www.facebook.com/dunyanews
Follow our Twitter Page: https://twitter.com/dunyanews