Average inflation in Pakistan surpasses that of other South Asian countries, leaving our society vulnerable to the whims of a select few elites who prioritise power politics over the welfare of the people. Despite a reduction in petroleum prices, there has been no corresponding relief in electricity prices, with indications pointing towards further increases in the pipeline. Historically, those in power have focused on self-enrichment rather than addressing the fundamental problems faced by the public. The continuous surge in electricity prices and the burden of taxes have disproportionately affected the common man compared to capitalists, leading to a 40% increase in production costs. The closure of thousands of power looms has brought businesses to a standstill, resulting in widespread unemployment.
Source: The Nation November 24, 2023 20:14 UTC