Pakistani traders strike countrywide against high inflation and utility bills

Pakistani traders go on strike across the country to protest against the high cost of living, including fuel and utility bills and the depreciation of the rupee, leading to widespread discontent among the public.

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8/27/2023

News Analysis: How to make electricity affordable

Protests have erupted across Pakistan due to the recent increase in electricity prices, which are causing financial strain on households already dealing with high inflation and stagnant incomes, and the government's inefficiency in reducing transmission losses and indirect taxes is exacerbating the problem.

9/1/2023

Economic crisis: Pakistan jacks up petrol, diesel prices past PKR 300-mark for first time in its history - Times of India

The recent increase in energy prices in Pakistan has led to protests over high inflation and electricity bills, with demonstrators burning utility bills, blocking highways, and attacking power company offices. The caretaker government has refused to lower energy prices without approval from the IMF, and has further increased petrol and diesel prices by over 14 Pakistani Rupees (PKR), surpassing PKR 300.

9/3/2023

Rupee expected to remain stable after falling to record low

The Pakistani rupee is expected to trade within a narrow range against the dollar in the upcoming week following its recent sharp depreciation, although some analysts anticipate continued pressure on the currency due to capital withdrawals, political unrest, and economic uncertainty.

9/8/2023

Pakistan's Economic Crisis Forces Poor Families to Make Heartbreaking Choices

Millions of Pakistanis are facing the devastating consequences of an unprecedented economic crisis, with rising inflation, soaring fuel and electricity prices, and a weakening currency, leaving low-income households struggling to make ends meet.

9/11/2023

Rupee Rebounds as Pakistan Cracks Down on Forex Hoarders and Smugglers

The Pakistani rupee's rise against the dollar is attributed to a crackdown on hoarding and illegal outflows of the greenback as well as increased vigilance in the Afghan transit trade.

9/17/2023

Pakistan's Economy Held Back by 'Elite Capture' But Shows Promise if Reforms Implemented

Despite Pakistan's immense potential in various sectors such as energy and agriculture, the country continues to face economic injustice and elite capture, which undermines social justice and human development, according to economist Dr Hafiz Pasha; in recent months, however, the government has taken action against electricity theft, currency smuggling, and commodity hoarding to combat these issues.

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Posted 9/2/2023, 10:56:00 AM