statement.The Prime Minister in his statement on 30.1.2022 stated that the top 100 corporations in Pakistan have made a record profit of Rs.950 billion in the last year. This fact shows that the present government is big business-friendly and supports multinationals and crony capitalists for making profits while the working classes are languishing and these corporations fail to pay the basic wages as laid down under the law. On the other hand, the Consumer Price Index (CPI) rose to a peak of 13% in January, as prices of almost all the commodities and utilities maintained a growing trend. Household and energy rates increased by 15.5%, the transport sector increased by over 23%, and perishable and non-perishable food items increased by 13% to 14%, respectively. The government, on the dictates of IMF, has agreed to increase prices of petroleum products and electricity tariffs. The electricity bills of normal consumers in urban and rural areas have increased to such an extent that the middle class, lower-middle-class, and working-class cannot afford to pay the said bills. A salaried person cannot make a budget for his family, as a consequence, citizens have to withdraw their children from schools and are not in a position to have even a square meal a day. The government has failed to take any substantive measures for reducing the prices of commodities and utilities but on the other hand, has provided incentives for big business and crony capitalists.
https://www.ppp.org.pk/pr/26204/
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