Posted 1/14/2024, 5:09:00 PM
Pakistan's Poor Hit Hard by Soaring Food Prices and Mounting Debt
- Egg prices in Lahore, Pakistan have soared to 400 PKR ($2.00) per dozen due to high inflation
- Other food items like onions (250 PKR vs govt rate 175 PKR) and chicken (615 PKR per kg) also seeing big price hikes
- Pakistan grappling with high inflation and debt burden, which has reached 63 trillion PKR
- Debt burden increased by over 12 trillion PKR under current and caretaker governments
- World Bank report highlights elite benefiting most from economic model, leaving many in poverty