Poor Pakistan is not even able to pay salaries to government employees, may be worse

Pakistan: Pakistan has been struggling with economic poverty for a long time. Alam is that in many states of Pakistan it is becoming difficult to pay salaries to their government employees. Meanwhile, according to media reports, the Punjab government of Pakistan has stopped all kinds of outstanding payments to the employees and officers.

Pakistan Today in its report claimed that due to the severe financial crisis and for the preparation of the new budget, the Punjab government has stopped the outstanding salaries of the employees. Significantly, Pakistan is facing economic challenges due to lack of foreign exchange reserves. People are yearning for everyday essentials like flour, oil and gas.

getting things out of reach

According to media reports of Pakistan, things of daily necessities like gas, electricity, petrol and flour are becoming out of reach of common people. However, these things are not making much difference to the Government of Pakistan. The World Bank recently projected a decline in GDP per capita income for Pakistan from US$1,613.8 in 2021-22 to US$1,399.1 in 2022-23. The World Bank has reduced the estimate of Pakistan’s GDP to 0.4 percent.

Unemployment has increased

According to the data of Pakistan Bureau of Statistics, the country has recorded the highest inflation rate since 1965. The Consumer Price Index (CPI) stood at 36.4 per cent in April. At the same time, this rate has been 35.4 percent in March. According to the report, the inflation rate in Pakistan is likely to increase by 2 percent every month. According to media reports, more than 500,000 people have faced unemployment in Pakistan recently.

You can guess the condition of Pakistan from the fact that it has left Sri Lanka behind in terms of inflation. The inflation rate in Sri Lanka was 35.3 percent in April. Whereas in Pakistan this rate is 36.4 percent. In such a situation, the fastest inflation in Asia has increased in Pakistan.

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