AIRLINK 189.35 Increased By ▲ 0.59 (0.31%)
BOP 12.99 Decreased By ▼ -0.24 (-1.81%)
CNERGY 7.21 Decreased By ▼ -0.05 (-0.69%)
FCCL 38.70 Decreased By ▼ -0.01 (-0.03%)
FFL 14.89 Increased By ▲ 0.05 (0.34%)
FLYNG 25.75 Decreased By ▼ -0.13 (-0.5%)
HUBC 134.46 Increased By ▲ 0.05 (0.04%)
HUMNL 13.35 Increased By ▲ 0.02 (0.15%)
KEL 4.27 Increased By ▲ 0.04 (0.95%)
KOSM 6.26 Increased By ▲ 0.41 (7.01%)
MLCF 47.00 Increased By ▲ 0.11 (0.23%)
OGDC 205.30 Decreased By ▼ -0.44 (-0.21%)
PACE 6.15 Increased By ▲ 0.07 (1.15%)
PAEL 38.75 Decreased By ▼ -0.33 (-0.84%)
PIAHCLA 16.85 No Change ▼ 0.00 (0%)
PIBTL 7.90 Increased By ▲ 0.06 (0.77%)
POWER 10.62 Decreased By ▼ -0.09 (-0.84%)
PPL 173.60 Decreased By ▼ -1.01 (-0.58%)
PRL 33.75 Increased By ▲ 0.07 (0.21%)
PTC 23.20 Increased By ▲ 0.12 (0.52%)
SEARL 97.93 Decreased By ▼ -0.59 (-0.6%)
SILK 1.12 No Change ▼ 0.00 (0%)
SSGC 31.36 Decreased By ▼ -0.12 (-0.38%)
SYM 17.77 Increased By ▲ 0.11 (0.62%)
TELE 8.15 Increased By ▲ 0.09 (1.12%)
TPLP 12.20 No Change ▼ 0.00 (0%)
TRG 60.66 Increased By ▲ 0.36 (0.6%)
WAVESAPP 11.80 Decreased By ▼ -0.02 (-0.17%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 3.94 Increased By ▲ 0.08 (2.07%)
BR100 11,945 Increased By 27.4 (0.23%)
BR30 35,278 Decreased By -40.7 (-0.12%)
KSE100 113,478 Increased By 389.1 (0.34%)
KSE30 35,403 Increased By 94.3 (0.27%)

KARACHI: Growing price hike has made miserable the lives of millions of poor families but the government is not interested to reduce the inflation pressure to give them some breathing space, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor here.

He said the food inflation has broken all previous records. The rates of wheat flour, rice, sugar, vegetables and other eatables are rising constantly and going out of the reach of low income people. Tariffs of gas and electricity and prices of petroleum products are also skyrocketing making life even tougher for Pakistanis. Sadly, the government is not interested in resolving this crucial issue.

He said more than half of our budget is being devoured by our external loans and their interest. However, ‘agents’ of the international lending institutions in the corridors of powers are bent to take more loans and further tighten the debt trap around the necks of Pakistanis.

He said no country has ever thrived on loans in the history of world. He said the loan trap sucks our resources and fuels poverty, hunger and diseases in our country.

Copyright Business Recorder, 2023

Comments

Comments are closed.