In Pakistan, onion prices increased by 500% in a year: only 21 days' expenditure money left in the treasury; the full story of the plight


Posted on 11th Jan 2023 12:03 pm by rohit kumar

The onion price in Pakistan was Rs 36 per kg in January last year, which has increased almost six times to Rs 220 this year. Inflation increased at the rate of 13% in January 2022, at present it is increasing at the rate of 25%. Foreign exchange reserves are the lowest left in 8 years. The Pakistani rupee has depreciated against the dollar. The debt burden on Pakistan has become 78% of the GDP.

 

There are 4 major reasons for the increase in the cost of food and other things in Pakistan…

 

There is political instability in Pakistan for the last 9 months. This has affected the economy of the country.

 

Between June 2022 and September 2022, the floods ravaged large parts of the country. This affected more than 1.5 crore people. This caused a loss of $12.5 billion to the country.

 

With the increasing economic deficit, there has been a huge fall in the value of the Pakistani rupee. The Pakistani rupee was Rs 160.1 against the dollar in December 2020, weakening to Rs 224.8 in December 2022.

 

The prices of oil and other commodities have increased around the world. Pakistan imports most of its essential goods from abroad. This is the reason why the prices of palm oil, medicines, and food items have also increased here.

 

Also Read: Pakistan: Pressure is being created on the members of the joint investigation team for the findings of the attack: Imran Khan

1 Like 0 Dislike
Previous news Next news
Other news

Data Speed: India is ahead of Russia-Argentina in mobile data speed. The country reached 49th position

The download speed of mobile data in India has increased by 115%. It was 13.87 Mbps in September

US sanctions Chinese network helping Iranian company

The US on Thursday banned a network based in China. He is alleged to have sent aerospace parts to

Weather Update Today: There will be a heat wave in Delhi, and there is a possibility of rain in UP, read the latest weather update

Weather Update Today mercury has started rising in all the states of North India. Summer has knoc

India should first stop Russia-Ukraine conflict, supports PM Modi's talk about war: America

India has taken initiative several times to put an end to the Russia-Ukraine war. Prime Minister

Odisha Train Accident: Shubhendu Adhikari said – If the accident happened in Odisha, why was Mamta Banerjee nervous about the CBI investigation?

275 people have died in the train accident in Balasore, Odisha. Whereas, 1100 people were injured

CM Yogi Adityanath received death threats, all agencies including UP ATS alerted

UP Chief Minister Yogi Adityanath has been threatened with death. A case has been registered agai

Home Ministry bans Lashkar-e-Taiba's sister organization 'The Resistance Front', declares Abu Khubayb terrorist

The Home Ministry on Thursday banned The Resistance Front (TRF), a front organization of the terr

World Cup 2023: Shakib Al Hasan made a big revelation after the shameful defeat of BAN, said - these three teams are contenders for the title

Bangladesh captain Shakib Al Hasan said that currently, three teams seem to be the strong contend

IND vs AFG: Who has the upper hand India or Afghanistan in T20I? See what the head-to-head statistics say

IND vs AFG Head to Head: Afghanistan is counted among those teams, which have the power to surpri

Gyanvapi Case: Lawyer asked for next date citing ill health, court imposed fine; Now hearing on 21st February

On Friday, the court imposed a compensation of one thousand rupees on the application filed deman

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash