Three inch sandwich in Pakistan troubled by inflation
Subway launches mini sandwich for the first time, food inflation here reaches 38.5%
America's fast food chain Subway has launched a three-inch sandwich in Pakistan, which is struggling with inflation. For the first time, this fast-food chain has launched a mini version of the sandwich globally. Its price is 360 Pakistani rupees.
Subway usually sells 6-inch and 12-inch sandwiches, but keeping in mind the purchasing power of people in Pakistan, it has added mini sandwiches to the menu. To cope with rising prices, many restaurants in Pakistan have increased prices or reduced quantities.
Food inflation reached 38.5%
Inflation in Pakistan has reached double digits. In August, the inflation rate here on annual basis was 27.38%. In Pakistan, due to increase in prices of food items, food inflation has reached 38.5%. A year ago in August it was 6.2%.
People took to the streets against rising inflation
Recently, people had come out on the streets in Pakistan against the rising inflation and electricity bills. Traders had closed shops across the country from Lahore, Karachi and Peshawar. When Caretaker Prime Minister Anwar Ul Haq Kakar was asked a question on rising inflation, he said that people will have to pay the bills. Apart from this they have no other option.
Traders said - How to pay one lakh rent and one lakh electricity bill...
Fahad Ahmed, a businessman from Karachi, told news agency AP - We have kept our shops closed so that our message reaches the ruling class of the country. If they do not understand our problems then we will have to adopt other methods.
Ahmed said- I will pay a rent of one lakh rupees and the electricity bill will also be the same, how will I survive? According to the data released by the government of Pakistan, the inflation rate there has reached 27.4% by the end of August. The price of one liter petrol has reached 300 Pakistani rupees.
The entire burden of IMF rules shifts to the people
According to Pakistani economist Mohammad Sohail, despite getting the loan installment from IMF, the country is going through challenging times. The rules imposed by IMF in exchange of loan have shifted the entire burden on the people.
He says that inflation is the biggest problem in Pakistan. The reason for this is the continuously falling value of Pakistani rupee. Price of one dollar Pakistani rupee is at its lowest level against the dollar in 76 years. The value of one dollar has become Rs 307 against the Pakistani rupee.