Tuesday, June 25, 2024
HomeLatest NewsEconomyTraders Announce Countrywide Protest Against Inflation After Eid

Traders Announce Countrywide Protest Against Inflation After Eid

Anjuman Tajran announce nationwide protest post-Eid against inflation.

Muhammad Kashif Chaudhry, president of the Central Trade Union, said during a news conference. That if these problems of inflation are not resolved. Traders across the country will hold conventions and protest against Inflation.

Kashif Chaudhry criticized the government for failing to pass on the benefits of the fall in crude oil prices to the people. While refusing to reduce the level of non-developmental spending. To deal with the current crisis, he also urged politicians to agree on a democratic pact. And demanded an immediate 50% reduction in non-development expenditure.

Click here to Read in Urdu

According to Chaudhry, the government’s Ramadan relief program is a source of humiliation for the poor as they are made to stand in long queues for poor quality flour. He accused parliamentary mafias of being responsible for the flour crisis. And expressed concern over FBR raids at point of sale without providing income tax forms in Urdu to traders.

According to the Pakistan Bureau of Statistics, the announcement comes as the inflation rate in Pakistan has reached an all-time high. Rising 35.4 percent from a year ago. Analysts believe that Pakistan is on the brink of hyperinflation. As a result of a sharp rise in core inflation, which excludes electricity and food prices.

- Advertisment -

Most Popular