From Tomatoes to Petrol , price of every commodity is rising in Pakistan .
The credit goes to our good for nothing government . This inefficient government has no insight of simple economic concept of ” Supply & Demand ”. An increase of up to Rs 2 – Rs 4 per liter in prices of all petroleum products is a like ” Martay Ko Or Maro ” .
This government can pass laws to protect their kingdom within a day even at short notice but nothing good has been done for common people . We lost export figures in comparison to our past. Our items cannot compete international standards because of poor policies of Govt. Core Inflation Rate in Pakistan increased 5.50 percent in August of 2017 over the same month in the previous year. Weekly Inflation Rises 0.61 % In Pakistan.
ADB warns Pakistan over economy’s vulnerability
The Asian Development Bank (ADB) warned Pakistan on 27 Sep , 2017 that its economy is increasingly becoming vulnerable to external shocks and funding shortfalls . ADB advised that the government needs to address fiscal and external sector vulnerabilities that have reappeared with the wider current account deficit, falling foreign exchange reserves, rising debt obligations, and consequently greater external financing needs .
Have a look at inflation (% year ) of Pakistan by ADB.
State Bank of Pakistan should be vigilant in announcing monetary policy, especially massive rise in government borrowing from central bank, which would stock inflation during the year
Inflation is one of the obstacles on the way of development In Pakistan
Pakistan is facing an economic crisis situation meanwhile our corrupt politicians are busy in looting what is left behind .