A high rate of inflation is totally unfavorable for the growth of any country. As per IMF, a country grows economically when it maintains a 4 percent or a lower rate of Inflation. However, the inflation in Pakistan is currently 11 percent which is pushing even higher with a rapid rate. The needy ones are not only jolted by the Covid-19 pandemic, but also by the skyrocketing prices of commodities.
Additionally, people do not see any healing relaxation and subsidy from the ruling government. Even their wounds are added salt by not checking the fixed prices owing to which, the vendors are availing this opportunity in by selling the products on their own accord.
Controlling and monitoring the factors of economy and providing the basic needs of life bear productive citizens who take the country towards development since a country without fruitful residents gets zero growth accounting to HCI (Human Capital Index).
Shah Jan
SHAL Academy, Turbat