Petrol cheaper than milk in Pakistan
In most cities of Pakistan, milk prices are out of reach. In several cities including Karachi and Sindh province, on Tuesday, milk prices reached Rs 6-8 per liter. This rate was even higher than the rate of petrol.
In most cities of Pakistan, milk prices are out of reach. In several cities including Karachi and Sindh province, on Tuesday, milk prices reached Rs 6-8 per liter. This rate was even higher than the rate of petrol. In Pakistan, petrol costs Rs 5 a liter and diesel cost Rs 90 a liter. On Tuesday, the price of milk rose from Rs 5 to Rs 5 in the country. In Sindh province, in some places, milk was sold at a price of Rs.
“Due to a sudden increase in demand, milk was sold in the city at a rate of Rs 5 to Rs 4 a liter,” said a shopkeeper. Milk, juice and cold water stalls were set up for the devotees to attend the processions leading to the stampede. The demand for milk from these stall operators had increased. This is why the sellers said prices have suddenly increased. ‘We make it strong every year. This year, it did not seem right to do so because of the rate hike, “said one resident. “I have never seen such a huge increase in milk due to the Moharram,” the person said.
Karachi Commissioner Iftikhar Shalwani has the responsibility of keeping milk prices under control. However, it has been criticized that they have not taken any steps to prevent the hike. The rate fixed by the Commissioner is 90 rupees a liter.
The rise in unemployment
The prices of essential commodities have also increased in the Pakistani economy. The Pakistani government has failed to provide financial stability and security to its citizens. To date, more than four million people are unemployed in the country. Unemployment has increased drastically in the country and young people are turning to terrorism.
Increase in retail inflation
Currently, the peak in Pakistan has reached its peak. The retail price index for August was 6.99 percent. In July, it was 8.5 percent, the Pakistan Statistics Department has announced. Rural areas were also included in the survey to determine this index. Earlier, the index in Pakistan was announced only considering the markets in the urban areas. By setting those criteria, the current rate of inflation rises to 5.5 percent. Prices of chicken, tomatoes, and onions rose by 7.5 percent. This has impacted inflation.