Pakistani economy gets worse in the region in last two years

The economies of Afghanistan, Bangladesh, Nepal, Sri Lanka and India grew at the same time

Pakistani economy gets worse in the region in last two years. The other regional economies have significantly grown in the same period. It reflects the overall economic outlook of the country with regards to the stock exchange, inflation, debts and other factors.

The economic downturn severely affects the common Pakistanis as inflation eats up their entire lifelong earnings. For instance, the price of daily use items blew to unreasonable rates during the last two years.

A price increase notification from Utility Stories on 30 September shows that the prices of tooth paste and shaving cream got an increase of up to 20 rupees. Similarly, red chilly powder got an increase of 73 rupees. Moreover, the prices of ghee and cooking oil also see a significant increase in prices. A common product such as tooth brush also saw an increase of up to 35 rupees. The prices of hand soaps, detergents and other sanitation products are also touching their highest record prices.

On the other hand, Afghanistan’s Pajhwok news agency reports that there is a significant decrease in the prices of essential food items. It records a decrease in prices of tea, food products and other items. The prices of essential items remain the same in other regional nations such as India, Nepal and Bangladesh.

Increase in Medicine Prices

Pakistani government came up with approval of increase in prices of live saving drugs also. The increase of up to 100 percent of prices is another disturbing move. The government claims that increase in prices is to ensure the availability in market and avoid any shortage.

The essential vaccine for dog bite was available at 850 rupees and it has gone up at 1641 rupees. Another medicine Serc is available at 747 rupees which was earlier at 584 rupees. Similarly, a number of other medicines for headache, gut diseases and other drugs have seen a significant increase.

Worst Performing Stock Exchange

Pakistan Stock Exchange (PSX) is also one of the worst performers for the last two years. The market has been quiet unpredictable due to the overall political and economic crisis in the country. The fueling of political environment is one of the key reasons of its bad performance.

Further, the daily political bashing, an uncertain political climate and the governance challenge add to the crisis. It sees sudden dips of points and affects the investors in various ways.