Pakistan's economic crisis has deepened and reached the bottom. In that country, milk is sold at Rs.210 per liter and chicken is sold at Rs.780 to Rs.800 per kg. The international Monetary Fund, which had promised to help pakistan, has been delayed in disbursing funding. Due to this, the government of pakistan is not able to deal with the economic problems. Pakistan's economy has gone to a very bad state after the spread of the Coronavirus. Due to political instability, terrorism, and financing of terrorism, international companies are reluctant to invest in Pakistan. Tourist arrivals are mostly absent from european countries. As a result, Pakistan's economy is largely dependent on exports.
But as Pakistan's trade was also hit hard after Corona, the government's foreign exchange reserves began to dwindle gradually. pakistan has been forced into almost the same economic problem as Sri Lanka. Because of interest on foreign debt, foreign exchange is needed to repay the debt, and dollars are needed to stabilize the country's economy, the World bank handles the international Monetary Fund. Due to this, the prices in pakistan have increased drastically and food prices have also skyrocketed. A liter of milk has increased from Rs.190 to Rs.210 since yesterday. While the price of chicken meat used to be up to Rs.600 per kg, it is now being sold between Rs.750 to Rs.800 per kg. The price of broiler chicken has gone up to Rs.500 per kg. Beef price has increased from Rs.1000 to Rs.1100 per kg. Due to this, people are suffering a lot because they cannot afford to buy food.
Karachi Milk Retailers Co-ordinator Waheed Ghadi said that more than 1000 milk shopkeepers are selling because of the increase in milk price. Our customers are common people. But due to the rise in price, milk has gone up to Rs.210 per liter, so people are suffering a lot, he said. Kamal Akhtar Siddique, owner of a poultry farm and general secretary of the wholesale organization, said that the price of live chicken meat is Rs. 600, while the meat alone is sold at Rs. 700 to Rs. 800 per kg. There is no other option but to raise the prices as the prices of the inputs have gone up, he said.
Petrol price in pakistan has also increased by Rs.20 per liter. Due to this, from the common people to the middle-class families, have suffered a lot. The economic crisis continues as the international Fund and the government of pakistan continues to struggle over a debt agreement.
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