Sherry points to The Economist report
ISLAMABAD: PPP House Leader in the Senate, Senator Sherry Rehman, said a recent report by The Economist indicates that Pakistan has the third highest inflation rate in the world, at a whopping 12.30% for December and has been on a steep upward trajectory for several months.
“Inflation remains a major problem for the majority of the population, but the government continues to ignore it and evades responsibility for the current state of the economy, the crippling debt, the trade balance and to the fall of the rupee,” she said. said when commenting on The Economist’s report.
She said that instead of reaching a consensus to deal with the growing public finance crisis, the government continually denies the magnitude and impact of the pain it is inflicting on the people of Pakistan. “This amateur hour at the expense of the public must end,” she said.
Sherry Rehman said unsurprisingly that a recent survey showed that 90% of Pakistanis think inflation was at its highest during the PTI government’s disastrous tenure, while 87% of Pakistanis think the country is going in the wrong direction. management and 43% said that inflation remains their main source of concern.