Pakistan has recently signed an important agreement with the International Monetary Fund (IMF) for a loan of US$ 7 billion. Despite this financial assistance, there is a prevalent perception that conditions are not improving for the average Pakistani.
Many citizens express frustration over the country's ongoing economic struggle
PressNews24 provides latest news, bollywood news, breaking news hollywood, top tech news, business standard news, indian economy news, world economy news, travel news, mumbai news, latest news mumbai loksabha election 2024, video viral news, delhi news, Only at PressNews24.in
Speaking on the matter, Akhtar Shaheen highlighted the current challenges and said, “In my opinion, even if the debt doubles to US$14 billion, Pakistan's situation will not improve unless the government, establishment And institutions do not decide to eliminate corruption. If we can eliminate corruption, we can effectively manage the available resources of Pakistan.
Corruption remains a major issue in Pakistan, affecting governance, economic growth, and public trust in institutions. Various reports indicate that corruption is deeply entrenched in many sectors, including politics, law enforcement and public services.
According to the Transparency International Corruption Perceptions Index (CPI) 2022, Pakistan is ranked 140th out of 180 countries, reflecting widespread public perception of corruption in both the public and private sectors.
Shaheen also addressed the rising electricity rates in Pakistan, saying, 'The price of electricity is increasing day by day, causing an unbearable burden on the common people. People are driven to despair by selling their houses and lands. In rural areas, people are forced to sell their livestock to pay their bills. Is this the relief they are getting?”
In August, the National Electric Power Regulatory Authority (NEPRA) announced an increase in electricity tariff by PKR 2.56 per unit, ARY News reported. Pakistan is currently facing a severe power crisis due to frequent power cuts, rising costs and inadequate infrastructure. This situation poses significant challenges for households and businesses, leading to widespread public discontent.
The government has increased electricity tariffs several times in recent years, resulting in protests and public outcry. according to The Express TribuneElectricity prices have increased significantly, adding further burden to consumers who are already facing inflation and economic difficulties.
