Islamabad Pakistan January 7 ANI Pakistan Prime Minister Imran Khan has admitted that the next three months of his government are crucial, as Islamabad is facing severe inflation across the country, according to local news.
Imran Khan blamed the previous governments of the country for the failure of the incumbent government because of lack of accountability of the previous rulers, according to ARY News.
He noted that most of his government's efforts are not advertised properly. As per ARY News.
Inflation in Pakistan has led to an increase in food prices in the country, worsening the conditions of lower-middle-income households.
In a country like Pakistan, where most families spend over half their income on food, the increasing cost of transport, petrol, electricity, and indirect taxes have raised valid concerns about the potential escalation of hunger, poverty, and malnutrition, according to Dawn.
The World Bank estimates that poverty in Pakistan has gone from 4.4 per cent to 5.4 per cent in 2020, as more than two million people have fallen below the poverty line.
The World Bank estimates that the poverty ratio in Pakistan stood at 39.3 per cent in 2020 -- 21 and is projected to remain at 39.2 per cent in 2021 -- 22 and could fall to 37.9 per cent by 2022 -- 23 based on the lower-middle income poverty rate.