Pakistan’s economic crisis is worsening despite a recent drop in the inflation rate, according to a Bloomberg report.
The report highlights that while inflation has eased slightly, it remains the highest among Asian countries, placing significant strain on the struggling population.
To meet the conditions of a new International Monetary Fund (IMF) loan program, the government has been compelled to increase energy prices.
Consequently, electricity bills have surged much faster than house rents, creating an additional financial burden for citizens already grappling with inflation.
Bloomberg also notes widespread protests against the rising tariffs and other economic reforms imposed to satisfy IMF conditions.
Since 2021, electricity prices in Pakistan have skyrocketed by 155%, pushing many households toward financial instability. As a result, citizens nationwide are voicing their frustration with the government’s economic policies and the IMF’s stringent requirements, which they consider unsustainable.
The report further underscores that half of Pakistan’s population lives on less than $4 a day, making it one of the poorest countries in the region.
