Surging prices leave Pakistanis unable to afford basic necessities | DW News
Surging prices leave Pakistanis unable to afford basic necessities | DW News
Pakistan is facing its worst economic crisis in years. Runaway inflation and low foreign exchange reserves are contributing to the misery — the same factors that led to Sri Lanka’s meltdown last year. Though Pakistan’s not there yet, it’s teetering on the edge, which is causing worry.
Queues like this one are becoming the norm. People wait in line for hours to get subsidised flour, a staple food in Pakistan. Many simply can’t afford the usual foodstuffs to feed their families. This is why Pakistan is hoping to unlock more than a Billion dollars in funding from the International Monetary Fund.
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