Pakistani opposition alliance marches against Imran Khan against inflation
The Pakistan Democratic Movement (PDM) has announced that it will undertake a long march from Lahore to Islamabad against the government led by Imran Khan over inflation in the country. News International reported that the decision was made during the virtual meeting of the PDM by its leader Maulana Fazlur Rehman. Leaders of all PDM political parties attended the meeting.
The Pakistani Muslim Nawaz League (PMLN) was represented by former Prime Minister Shahid Khaqan Abbasi. The meeting took stock of the country’s overall political and socio-economic situation, skyrocketing inflation, the NAB ordinance, government-recommended electoral reforms and various other issues facing the country, reported the post. Former prime minister and PML-N supremo Nawaz Sharif also attended a virtual meeting, the daily said.
Inflation in Pakistan has reached 9% and per capita income has fallen to USD 1,260 in 2021, posing a major challenge for the Pakistani government Tehreek-e-Insaf (PTI). The country’s GDP previously grew by 36 percent under the Pakistan People’s Party (PPP) government from 2008 to 2013.
And in the PML-N government from 2013 to 2018, the country’s economy also grew by 36% but plunged 16% between 2018-2020, according to The News International. As a result, per capita income which stood at $ 1,482 in 2018 fell to $ 1,194 in 2020, which was estimated by the IMF to be $ 1,260 in 2021, still showing the fact that the power parity of buying has eroded a lot, reported The News International. (ANI)
(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)