Islamabad, Pakistan: In whole Imran Khan regime, inflation and price hike are the major key concerns in Pakistan. The ruling party in Pakistan Tehrikh-e-Insaf (PTI) has failed to solve this problem for their people.
Unemployment and inflation have been the top issues of concern for the Pakistanis consistently since August 2019, according to the Ipsos survey, a market research company which conducted the survey between February 24 and March 1.
Pakistan Prime Minister Imran Khan had come to power on the promise of creating 10 million jobs and providing 5 million homes but no significant progress was made to accomplish his promises, The Express Tribune newspaper reported on Tuesday.
Recently Pakistan PM announced a relief package to offset the impact of inflation but questions remain over its viability due to the lack of financing. The government has put together the relief package despite the Finance Minister’s initial opposition to it.
Unemployment stood second on the list of top five concerns, although the ratio was slightly lower than a year ago. About half of the respondents said that they either themselves lost jobs or people known to them were laid off in the past year, The Express Tribune reported citing the study.
During the study, 1,048 people were interviewed across the country in which as many as 80 per cent of respondents believed that they are heading in the wrong direction and also the situation had worsened by 7 per cent in the last year.
The survey also stated that 41 per cent of respondents felt that the Pakistani economy is weak and the ratio has increased by 14 per cent points in the last year. Meanwhile, merely 8 per cent of the population rated the current economy as “strong”.
The findings come at a time when the government is already struggling with several challenges and a no-confidence motion move by the opposition.
Pakistan’s economic conditions have deteriorated in the past few months. In January, the government slapped Pakistan Rupee 360 billion worth of additional taxes in addition to the commitment with the International Monetary Fund (IMF) to increase electricity prices by PKR 2.80 per unit.
The study also claimed that compared to the same month last year, Pakistan Consumers’ Confidence Index had gone down by 8.3 points which were the lowest among the similar emerging markets.
On February 27, Pakistan Peoples’ Party (PPP) workers and supporters began a long march against inflation and corruption in Pakistan.