No Result
View All Result
Sunday, June 1, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Gen V Season 2

    Prime Video drops teaser trailer, confirms Gen V Season 2 premiere for September 17

    Arshad Warsi

    Arshad Warsi and wife face 5-year ban: Will he also disappear from films?

    Deepika Padukone

    In pictures: What are the shocking controversies in Deepika Padukone’s past?

    Hania Amir

    Yashma Gill proposes to Hania Aamir: Her hilarious reply goes viral

    Image: AP

    In Pictures: Thailand’s Opal Suchata Chuangsri crowned Miss World

    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Gen V Season 2

    Prime Video drops teaser trailer, confirms Gen V Season 2 premiere for September 17

    Arshad Warsi

    Arshad Warsi and wife face 5-year ban: Will he also disappear from films?

    Deepika Padukone

    In pictures: What are the shocking controversies in Deepika Padukone’s past?

    Hania Amir

    Yashma Gill proposes to Hania Aamir: Her hilarious reply goes viral

    Image: AP

    In Pictures: Thailand’s Opal Suchata Chuangsri crowned Miss World

    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Opinion & Editorial Opinion

Inflation and PTI govt

Nadeem Moulvi by Nadeem Moulvi
November 6, 2021

Making a new record, the ruling Pakistan Tehreek-e-Insaaf (PTI) increased petroleum prices by up to Rs8.14 per litre with immediate effect to ensure revival of the International Monetary Fund (IMF) programme.

In news that surprised no one, the Pakistan Bureau of Statistics said inflation continues to rise, standing at 9.2% in October. It also went against Shaukat Tarin and Asad Umar’s prediction last week that inflation numbers would show a downward trend from September.

The PTI-led federal government wants to take steps to curb inflation, but constantly blames the international market for the increase. We have been waiting for 3 years for the government to reduce the prices of electricity and petrol. The biggest reason for rising inflation is the continuous increase in petrol and electricity prices.

Pakistan’s oil purchases from abroad weigh heavily on its total import bill. An increase in global oil prices not only leads to inflation but also puts downward pressure on exchange rate, making imports more expensive, thus causing a trade deficit.

If the government wants to curb the rising inflation, it needs to ensure that petrol and electricity are used as needed, but this is not done. Prime Minister Imran Khan’s cabinet as well as government agencies are ruthlessly wasting petrol in the name of security protocol. Every minister, governor or government official is accompanied by a caravan of petrol wasters.

When it comes to the security situation in the country, the law and order situation is admirable compared to the past. There is no longer a period of strikes, no fear of al-Qaeda, no bombings, but still our government representatives and agencies walk around with the same heavy security protocol.

On top of that, the nation, which does not have enough funds to stabilize the economy and solve problems, is brutally increasing its imports. We are importing goods that do not create political pressure, i.e. wheat that we grow ourselves. We import wheat because of the fear of shortage. But no calculation is made for its distribution, storage and growth.

Therefore, the prediction is that the government will one day import wheat, sugar and pulses and then the same items will either be exported or sold across the border in Afghanistan as has been the case in the past.

There is a shortage of electricity across the country and despite this, electric vehicles are being imported and duties are being removed. Similarly, the number of vehicles in Pakistan is increasing with each passing day and the reason for this increase is the poor public transport system.

Instead of improving the transport system, the government is forcing people to buy more motorbikes and cars, but it is not thought that the vehicles, people are buying, run on petrol. Due to the increase in the use of petrol, our import bill continues to rise.

PM’s Adviser told Imran Khan that the price of oil in the international market is increasing. Because of this, we have to increase the price. When the international market reached its peak at $85.41, the government increased the petrol prices to Rs 137.79 per liter.

Today, the international market is under pressure and prices have fallen by 7%. The price of oil is $79.35, but instead of reducing the price, the government increased it by 5% and brought it to Rs. 145.89 per liter, which is an injustice to the poor.

Instead of unjustifiably raising petrol prices, if the government had reduced the prices of petroleum products by 7% in view of the current situation in the international market, the people might have hoped that the government is seriously committed to reducing inflation and stabilizing the economy.

The government that justifies inflation talks about other countries but does not look at the situation of its own country, what is the situation of the poor and middle class here. After such inflation, people might take to the streets and go on strike against this government.

ShareTweetSendShare
Previous Post

Spiralling inflation

Next Post

Canon introduces smart camera ‘PowerShot PX’ to cherish family moments

Related Stories

Opinion

AIF 2025 – A Rallying Cry for Unity in a Fractured World

May 31, 2025
Opinion

Eurasian Economic Union at 10: Looking Beyond the Decade

May 29, 2025
Opinion

Crimea at the Crossroads: Development, Identity, and Geopolitics

May 29, 2025
Opinion

A Bond Steeped in Friendship and Tea

May 22, 2025
Opinion

Kazakhstan’s Rising Arc

May 21, 2025
Opinion

Russia’s Great Victory Day – A Triumph of Courage and Sacrifice

May 21, 2025
Opinion

Israel stands firmly behind India in hostilities against Pakistan

May 9, 2025
Opinion

Britain’s Interference in China and Domestic Challenges

April 29, 2025
Opinion

Revamping Pakistan’s Outdated Education System

April 10, 2025
Opinion

PSL celebration or the bodies of children in Gaza?

April 9, 2025
Next Post
source: Camera Jabbber

Canon introduces smart camera ‘PowerShot PX’ to cherish family moments

Trending Stories

Photograph: Allison Robbert/Reuters
Thought Box

Does Elon Musk use drugs?

by MM News Staff
June 1, 2025
Paul Marais-Hayer/AirTeamImages
Transport

15% discount announced on PIA’s Lahore–Paris flights

by MM News Staff
June 1, 2025
Crime

SZABIST professor among three dead in Karachi road accidents

by MM News Staff
June 1, 2025
Business & Stock

Tax cuts for salaried class likely after IMF approval

by MM News Staff
June 1, 2025
(Representational Image)
Bakra Eid 2025

Makeshift mechanical rides banned in Punjab during Eid holidays

by MM News Staff
June 1, 2025

Opinion

munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Crimea at the Crossroads: Development, Identity, and Geopolitics
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Weather

Karachi sizzles at 39 degree Celsius

by MM News Staff
June 1, 2025

Temperatures in Karachi reached 39 degrees Celsius on Sunday as the southern port city...

Glaciers in Pakistan

Pakistan develops policy framework to protect glaciers, combat climate change

June 1, 2025
file photo

Weather updates for Islamabad, other parts of Pakistan

June 1, 2025
Heatwave

Karachi braces for more heat as temperature remains high

May 31, 2025
See all

Prices

representative image
Business & Stock

Gold prices in Pakistan today- Sunday, June 1, 2025

by MM News Staff
June 1, 2025

The following are the current gold prices in Pakistan on Sunday, June 1, 2025....

File photo

Petrol price hiked by Re1 per litre in Pakistan

May 31, 2025
LGP prices have been slashed ahead of Ramadan. File photo

LPG prices announced for June 2025

May 31, 2025
representative image

Gold prices further drop in Pakistan

May 31, 2025
See all

Transport News

Paul Marais-Hayer/AirTeamImages
Transport

15% discount announced on PIA’s Lahore–Paris flights

by MM News Staff
June 1, 2025

Pakistan International Airlines (PIA) has introduced a 15% discount on flights operating between Lahore...

file photo

Govt doubles public transport fares in Islamabad

June 1, 2025
representative image

Everything you need to know about Lahore’s Yellow Line E-Train Project

June 1, 2025
Pakistan Express

Train derailment: Pakistan Express heading to Rawalpindi suffers major accident

June 1, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.