On Wednesday, Prime Minister Imran Khan stated that Pakistan’s inflation rate stayed at 9% this year, whereas inflation rates in other nations surged by up to 50%.
“The media and the opposition should investigate whether price increases in the nation are attributable to internal factors or global inflation,” he added, citing the Global Commodity Index.
Given the exponential worldwide inflation rates, the premier stressed that experts must keep a balance in their analyses.
“However, the government is working hard to keep costs in check and is doing its part.”
PM Imran admitted that inflation was putting a strain on the people, but he vowed that commodity prices will fall after the winter.
The PM stated that the federal and provincial governments are working together to develop an economic uplift program for the poor.
“During the next six months, we are launching an Rs120 billion subsidy scheme to help 20 million households, allowing them to purchase critical goods such as ghee, wheat flour, and flour from any of their local stores.”
This, he argued, will help them get through the difficult period until global prices fall.
“What can I say about the opposition since criticism is what they are supposed to do,” he continued, “but I encourage the media to properly analyze the issue.”
The people would be able to get a 30% discount on three vital items from any of their local retailers as part of the specified assistance package.
He stated that the Ehsaas programs, which are handled independently, total Rs260 billion.
The cost of gasoline
Because of the global spike in costs, the prime minister stated that the price of gasoline will have to be increased further.
“If we don’t raise the price of gasoline, the country’s debt will continue to rise,” he warned, adding that “oil prices internationally have climbed by up to 100%.”
PM Imran backed up his claim by citing the price of gasoline in neighboring nations, particularly India and Bangladesh, where he said that fuel costs Rs250 per litre and Rs200 per liter, respectively.