The galloping inflation is the outcome of the poor and mismanaged economic policies, which have pushed the country to the verge of destruction and economic disaster. The insurmountable pressure of the International Monetary Fund (IMF) is making matters worse as the policies are devised by IMF’s directions.
The worsening economic conditions of the country have made it nearly impossible for lower and middle-class families to eat two square meals a day. Essential items have gone out of reach for the common people and a surge in electricity and fuel prices has further added to their predicaments. Many people have found it increasingly difficult to travel via public transport and are forced to pick and choose on what to spend on. Given the high unemployment rate and rising inflation, there is a high chance that people will be drawn towards illegal or criminal activities to make ends meet, which will put yet another strain on the country’s resources and wellbeing. The government needs to devise and chalk out the people-friendly economic policies that might ease the sufferings of the low-income groups so that they can heave a sigh of relief from this back-breaking inflation.
Mudassir Ahmed Soomro
Hyderabad
