Chronic economic woes begin to bite nation - News Summed Up

Chronic economic woes begin to bite nation


“We cannot beg as we are white-collar people,” Tayyab, 40, told AFP in Karachi. But, she said: “We don’t know how we make ends meet.”Inflation hit about 10 percent last year, according to the World Bank. Tayyab’s sentiments are echoed by Kursheed Sharif, a 50-year-old mother of five, who unleashes a slew of curses as she describes her family’s woes. “Increased unemployment, increased inflation […] this is the political and economic reality in Pakistan.”The numbers bear him out. The manufacturing and service sectors are rebounding as lockdowns ease, the World Bank has said, and better rains this year will boost agriculture.


Source: The Nation January 19, 2022 12:17 UTC



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