Islamabad: In Pakistan, where the economic crisis is severe, the availability of essential goods is low in various provinces. With the financial crisis, prices of essential commodities such as hoarding and wheat have skyrocketed. 150 per kg of wheat. This is the highest price recorded for wheat in Pakistan. Following this, there are reports from various places of large crowds and arrests at commercial centers where goods are sold. In Pakistan’s provinces like Khyber Pakhtunkhwa, Sindh and Balochistan, the price of wheat has risen sharply.
Also, Pakistani media reports that grains are being sold at even higher prices in the black market. The Express Tribune reports that people have to wait for hours a day for the subsidized wheat they receive from the government. Pakistani media reports that wheat powder is being sold for Rs 160 per kg in some places.
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#PakistanFlourCrisisVisual from #Sindh Pakistan, people were seen squabbling for flour.
It’s Painful#PakistanEconomy #ResilientPakistan pic.twitter.com/7qlSjh3rni
— Bakhtawar Shah (@Shah_Bakhtawar1) January 10, 2023
As the crisis worsened, the government of Pakistan is planning to bring control in various sectors. According to the estimate of 2023, the public debt of the country is 273 billion. It is increasing every day. Rising debt burden, cost of energy imports, dwindling foreign reserves, global inflation, political instability and falling GDP growth have weighed on Pakistan.
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