April 7, 2023
Inflation in Pakistan (Opinion)
In the current scenario, the most significant contributor to inflation in Pakistan is the extreme weather conditions.70% of Pakistan’s population is involved in agriculture in some way, according to the most recent Economic Survey of Pakistan 2022. The agriculture sector contributes 24% to the GDP of Pakistan. However, unprecedented floods in the month of August destroyed large agricultural lands, which created a shortage of food. Due to the shortage of food, the prices of commodities increased. Secondly, the climate catastrophe caused massive destruction of roads and bridges. Due to the lack of transportation, the supply process was halted. The supply
