ISLAMABAD: The financial challenges of urban Pakistani consumers have increased by 14 percent compared to the last year, reveals the Pulse Consultant’s latest study.
According to Pulse Consultant’s revealed stats on the current inflation wave, seven out of 10 urban Pakistani Households (74%) couldn’t meet their expenses in their current income. In May 2023, it was 60 percent. Of the 74% who couldn’t meet their expenses, 60% reduced their expenses (having a direct impact on grocery purchasing), 40% borrowed money and 10 % took on additional part-time jobs. In addition, more than half of those (56%) who reported that they are meeting their expenses within their current income said that they couldn’t save any money after necessary expenses.
This telephonic poll was conducted by Pulse Consultant from July-August with over 1,110 respondents. It was conducted across the top 11 cities of Pakistan. The age group participating in the study was between 18 to 55 years. In this same month, Pulse Consultant will launch a second round of detailed urban-based syndicated study gauging the impact of inflation on purchasing and consumption with a sample of 1,800+ respondents across the main 17 cities.
Move comes under declared Red Alert Status, signaling significant increase in vigilance
Purchase became controversy when opposition accused Modi of inflating price to benefit his friend Anil Ambani
To maintain proactive oversight, meeting decided on regular reviews of the evolving situation
US Mission urged its citizens to leave the areas in vicinity of military activities
IMF mission is expected to visit Pakistan next week for discussing overall fiscal and budgetary framework
“Pakistan has consistently raised objections to design features of several projects," says Abbasi