Pakistan has in inflation since 2018 when Imran Khan was elected as the prime minister of the Islamic Republic of Pakistan, the inflation raised and yet it is not decreasing as it should. Political tensions in Pakistan have impacted the economy and increased the nation’s inflation. The inflation has increased rapidly between 2018 and 2023, during five years, the government of Imran Khan was ended – the reason behind it was a failure of management and the opposition brought a no-confidence motion to end the government of Imran Khan.
After a no-confidence motion, all parties government came into power with a combination of PPP, PML (N), JUI and others. There was only reason for the end of Imran Khan’s government was the refusal of the establishment to save his government. Imran Khan made an anti-American statement which was considered an external source, in his speeches Imran Khan blamed America and the establishment that had ended his government.
Imran Khan became more popular after bein out from the government, according to a survey taken by Gallup, about 61% of Pakistanis like Imran Khan while 36% shared positive opinions about PML(N) & PPP. After being removed, Khan dissolved the KPK and Punjab assemblies and started the movement for a new general election before its time.
Imran Khan Arrest & Protest
The political and public tension increased when Imran Khan was arrested for the first time, the National Accountability Bureau (NAB) arrested former Chief Minister of Pakistan, Imran Khan inside the High Court Islamabad in an Al-Qadir corruption case, after his arrest, the Supreme Court of Pakistan issued an order that his arrest is unlawful and release him.
On 9 May 2023, people came out of their homes and protested against the illegal arrest of Imran Khan. Photos and videos were shared on social media, and people broke down government property and threw stones during this breakdown there were no police, or rangers in the areas. On the same day, later the government dismissed the internet, and cellular services in areas of Islamabad, Rawalpindi, Karachi, Lahore and other affected areas where people were in protest.
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Hundreds of PTI workers were officially arrested in the case of breaking government properties and in other cases. Still today, PTI workers are being punished. Sources added that more hundred cases have been filed against PTI leader Imran Khan – his wife Bushra Bibi has also been punished in a few cases. If Imran Khan gets the grant approved in one case then he is arrested in another case, this exercise has been tested on PTI workers and officials since 9 May 2023.
General Election 2023-24
Due to increasing political tension in the country, the Election Commission of Pakistan (ECP) declared the date of the election but the ECP rejected the PTI sign (Bat & Ball) and banned it in the general election. All party leader was part of the General Election as an independent candidate, another side PPP, PML (N), JUI and other parties made efforts and ran election campaigns to get more votes.
Without the PTI party, no one part could make his government federal. There was a low number in the national assemblies for PPP and PML, and no single party couldn’t make the government without the support of another party. After the election, both parties, PMLN and PPP had made join a government with the help of Maulana-Fazul-Rehman (JUI) who always played a major role in any side he stood for.
PPP and PMLN agreed on electing Shahbaz Sharif as Prime Minister of Pakistan, and Asif Ali Zardari as President of Pakistan. The Pakistan Muslim League-N made its government in Punjab province, PTI manage the Khyber Pakhtunkhwa, in Balochistan & Sindh PPP made its government.
Inflation Face by Nation
On both sides of politics, the nation is used for political purposes, if a party want to win the election it will use the people and play an important with the weakness of the nation to get more votes. Another side the opposition party is using the nation against the government by playing different cards of inflation, and corruption and wanting to destroy the government. In Pakistan’s politics, there’s no future political and democracy.
Any political party doesn’t think about the economy of the country and its future, usually, a government can stay in power for five years only. Unfortunately, it hasn’t completed a five-year government yet, so it can be understood that politics is not independent in Pakistan. In 2023, Pakistan faced high inflation in the country, the prices of sugar, cooking oil, fuel, and petroleum products were highly increased and the nation was very frustrated with managing their life even poor people were worried for food at one time.
Due to limited income sources, middle-class people couldn’t survive and they faced more income difficulties – overall in the country, businessmen were frosted due to the high costs of electricity bills, shop rent and other financial burden. On the other hand, thousands of graduated and diploma pass candidates are unemployed yet, there’s no suitable job for them.
Inflation Rate in Pakistan Since 2021 to Yet
The report disclosed that the inflation rate in 2021 was 9.50% later in 2022 it increased by 19.87% which was high inflation in Pakistan. Later in 2023, the inflation reached 30.77% which was a high inflation instead to the previous year. All countries including Pakistan measure the inflation rate using the consumer Price Index (CPI) method.
Pakistan borrows loans from the IMF, and the International Monitory Fund (IMF) implements strong policies to recover their loan instalments. Pakistan also borrows money from its friends countries like Saudi Arabia, Chinese, and America. Every year, the Pakistan government receives funds from international private and public organizations for Pakistani people to facilitate and provide them basic needs.
According to the State Bank of Pakistan, the inflation ration is decreased to single digit. It is depend of the stock exchange and business sector – this only a way to handle the country’s economy. To lead the country with strong economy can be possible to make valuable and strong business connectivity in country and focus on exporting goods, digital assents, fruits and vegetables.
