Key economic factors show failure in governance: Sherry

Staff Report

Slamming the PTI led government for rising inflation, PPP Parliamentary Leader in the Senate, Senator Sherry Rehman said, “On one hand the government is painting a rosy picture of its performance, and on the other hand we have figures from the World Bank which state that during May 2020 to May 2021, food prices have been increased by 14.8% in Pakistan. It comes as no surprise that around 68% of our population is unable to afford a healthy diet”.

“It is shocking that food inflation has doubled in the past 3 years. From 5.5% in 2018, it rose to 10.48% in 2021.

Whereas our inflation rate is currently averaging at almost 11% which is higher than both India and Bangladesh. It is shocking that our economic growth rate has decreased by 29.3%,” she added.

Rehman said, “The unemployment rate has jumped from 6.2 % to 15 %. In 2020, over 20 lac people were unemployed which is almost a quarter of the 1 crore jobs that PTI had promised.

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