Get Honorary PhD

Milk Rs 210 per litre in Karachi, chicken Rs 700 across per kilo; Now preparing to reduce the defense budget

Pankaj Prasad
Pakistan Economic Crisis
Pakistan Economic Crisis

The International Monetary Fund (IMF) is pushing for sustainable revenue measures, including increasing GST from 17 to 18 percent, imposing GST on petroleum oil products.

Pakistan is constantly going through a state of economic crisis, due to which people are troubled by the wildly rising inflation. Amid the uncertain economic situation in the country, shopkeepers in the state have increased the price of milk in Karachi from PKR 190 per liter to PKR 210 per litre.

Some shopkeepers have increased the price of loose milk from PKR 190 per liter to PKR 210 and live broiler chicken has seen an increase of Rs 30-40 per kg in the last two days. After which the price of broiler chicken has gone up to Rs 480-500 per kg. At the same time, chicken meat is now being sold at Rs 700-780 per kg, which was Rs 620-650 per kg a few days back.

Foreign exchange reserves less than three billion dollars

Pakistan's foreign exchange reserves, facing a cash crunch, have remained less than three billion dollars. According to media reports, the Karachi Milk Retailers Association Media in-charge Waheed Gaddi said that some shopkeepers are selling milk at an inflated price. These shops belong to wholesalers and dairy farmers. He said that if dairy farmers and wholesalers continue to sell milk at this increased price, the retailers will have to pay Rs 27 per liter more in the procurement price. After this, they will be forced to charge 220 Pakistani rupees instead of 210 for a liter of milk from the customers. If the milk continues to be sold at this increased price, then the retailers will have to pay Rs 27 per liter more in the purchase price. After this, they will be forced to charge 220 Pakistani rupees instead of 210 for a liter of milk from the customers. If the milk continues to be sold at this increased price, then the retailers will have to pay Rs 27 per liter more in the purchase price. After this, they will be forced to charge 220 Pakistani rupees instead of 210 for a liter of milk from the customers. 

The grain fed to chickens is also expensive

The grain fed to chickens in Pakistan has also become very expensive. 7 for a 50 kg grain bag, 200 has to be paid. Because of this, chicken is also becoming expensive in Pakistan.

Electricity is expensive, subsidy will end

More difficulties are going to come in the days to come for the general public of Pakistan. The conditions set by the IMF regarding the loan They also include ending subsidies. IMF says that Pakistan should reduce subsidies and increase its revenue. The IMF is pushing for sustainable revenue measures, including increasing GST from 17 to 18 per cent, levying GST on petroleum oil products.

Defense budget cut suggested

The government has discussed with the Defense Ministry the IMF condition of cutting the defense budget by 10-15 per cent. The Defense Ministry has responded to the Army General Headquarters (GHQ) suggestion that the non-combat budget can be cut by only 5-10 per cent.