Posted 4/3/2024, 2:49:10 AM
Government Raises Gas Prices Again, Squeezing Struggling Pakistanis
- The government has again raised petrol prices, further diminishing consumer spending power in an already high-inflation economy.
- This places the government in a difficult political position as it tries to satisfy IMF loan requirements while avoiding public backlash.
- It is unclear how the government plans to assist ordinary Pakistanis struggling with basics while begging for more foreign aid.
- The government is unlikely to make efforts to raise revenues internally from the wealthy and corporations.
- The poor and middle class will continue paying the price while the rich avoid taxes and enjoy subsidies and luxury.