Price hike continues unabated in Pakistan

With the formation of the new government the people of the country had hoped that it would work to bring about a change. What has happened in fact is only a change of faces. The situation has changed from bad to worse. The prices of the essential items are increasing on almost daily basis and it seems that the government is least concerned about it. The prices of petroleum products have increased many times and an staggering increasing of 31 per cent in the price of natural gas is the new blow to the people.

The buying power of the people has eroded considerably in the past two months alone. The rupee has shed considerably against dollar which has also resulted in the increase of many products which are imported. I wonder what will happen in the near future if this price hike continues?

 

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With the formation of the new government the people of the country had hoped that it would work to bring about a change. What has happened in fact is only a change of faces. The situation has changed from bad to worse. The prices of the essential items are increasing on almost daily basis and it seems that the government is least concerned about it. The prices of petroleum products have increased many times and an staggering increasing of 31 per cent in the price of natural gas is the new blow to the people.

The buying power of the people has eroded considerably in the past two months alone. The rupee has shed considerably against dollar which has also resulted in the increase of many products which are imported. I wonder what will happen in the near future if this price hike continues?

 

Technorati Tags: ,,