Lahore: Pakistan People’s Party (PPP) Vice President and Senator Sherry Rehman said that ADB’s inflation forecast should be a wake-up call for the government. The disastrous government continues to blame “global prices” for inflation.
Sherry Rehman in a tweet said, “Regional inflation figures tells a different story, government take notice and think everything is fine, Inflation in Pakistan has alarmingly raised to 11.5% while in India it is 4.48% and in Bangladesh it is 5.7%.”
She further said that the weekly inflation rate in Pakistan is more than 18%, which world is the government comparing itself with?
A daily decline in the value of the rupee has become the norm which is leading to an increase in the economic downturn.
Sherry Rehman further stated that due to the failure of the government’s economic policy, the U.S. dollar has now reached 178.15 rupees. In this fiscal year alone, the rupee has depreciated by 20 rupees against the U.S. dollar.
When talking about the current inflation situation in the country, Rahman commented that Pakistan’s economic sector is on the verge of destruction.