Tough days for Pakistan: Milk sold at 190, apple at 400 and mutton at 1100 kg during Ramzan
   21-May-2019

 
 
 
Pakistan is going through a very tough time, as Prime Minister Imran Khan is not able to control either inflation or dwindling value of Pakistan currency. The country is going through a very tough phase as its citizens are forced to pay a hefty amount even for the basic necessities. Milk is sold at PKR 190/-, apples at PKR 400/-, oranges at PKR 360/- and Bananas at PKR 150/-. Mutton is sold at PKR 1100/-. The citizen of Pakistan bearing the exorbitant cost during the month of Ramzan, when the around 98% of the population of the country, who is Muslim, observe fast during Ramzan. Even other essential eatables like onion, tomato, pulses, etc. are sold at higher prices. Since it is the month of Ramzan, the demand for these commodities has increased.
 
Businessmen are continuously losing faith in the volatile market and experts believe that the plummet of Pakistani Rupees is directly linked to the conditions imposed by the International Monetary Fund (IMF) for the $6bn bailout package. The share market in Pakistan is facing the toughest time in the last 17 years. The State Bank of Pakistan (SBP), the Central Bank of the country, will announce the monetary policy of Pakistan on Monday.
 
Pakistan rupees has become the weakest currency among the 13 important currencies in Asia. The Pakistani rupee is traded at PKR 150 per US dollar whereas Indian rupees is traded at Rs 70, Bangladeshi Taka at Tk 84, Nepali rupees at NPR 112 and Afghanistan at AFN 79.