City
Epaper

Karachi residents demand relief amid inflation crisis

By ANI | Updated: May 19, 2024 14:45 IST

Karachi [Pakistan], May 19 : The residents of Karachi are demanding relief measures akin to those initiated in Pakistan ...

Open in App

Karachi [Pakistan], May 19 : The residents of Karachi are demanding relief measures akin to those initiated in Pakistan occupied Jammu and Kashmir (PoJK), where protests recently erupted against soaring wheat prices.

In Karachi, inflation has become an acute concern, significantly impacting the daily lives of its residents. The rising cost of essential goods and services, including wheat, electricity, and other necessities, has imposed a heavy financial burden on households.

This predicament is exacerbated by the city's diverse population, coupled with infrastructure deficiencies and governance issues.

Journalist Shaukat expressed the gravity of the situation, stating, "The inflation has reached alarming levels, making it unbearable for the people. While relief measures were introduced for PoJK due to the severity of the crisis, Karachi faces a different scenario."

He explained that Pakistan's financial crisis compelled the government to raise electricity and other prices, further exacerbating the situation.

Moreover, IMF loan conditions necessitate revenue increases, making it unlikely for electricity rates in Karachi to decrease.

In Karachi, the provision of electricity is often influenced by political dynamics. Shaukat noted, "The electricity provider in Karachi maintains strong connections with politicians, who also receive benefits from the company. Regardless of the political party in power, they tend to favor this company, ensuring it continues to reap benefits."

Consequently, the expectation is that electricity rates will persistently rise in Karachi.

This situation in Karachi reflects broader challenges encountered by many cities in Pakistan.

The demand for relief measures, such as subsidies on essential items and electricity, underscores the urgent need for government intervention to alleviate economic strain on households.

However, entrenched problems like political interference in public service provision hinder effective governance and policy implementation.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Other SportsSmith needs to have great series for Australia to win Ashes, says Ponting

EntertainmentNora Fatehi poses with Jimmy Fallon as she makes her debut on ‘The Tonight Show’

BusinessBiteSpeed Launches AI Voice Agents for E-Commerce, Sees Rapid Adoption with 100-plus Enterprise Brands

BusinessFactors.ai integrates with LinkedIn's Company Intelligence API for full-funnel B2B Attribution

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

International Realted Stories

International"I'm gonna welcome those people": Trump defends H-1B visas, counters MAGA criticism

International"You're so lucky I'm with you": Trump's dig at Musk adds new twist to their strained ties

InternationalBhupender Yadav discusses environmental cooperation with global leaders in Brazil

InternationalBhupender Yadav participates in 11th JCM Partner Countries' Meeting at COP30 in Brazil

InternationalIndian envoy discusses bilateral ties during 1st official visit to Bolivia's Beni Department