A Canadian coffee chain recently opened its first outlet in Pakistan. Reportedly, this outlet set a record for the highest opening day sales in the history of the chain. This is surprising in a country which is on the brink of bankruptcy, reflecting the deep divide between the rich and poor. While the affluent class lives it up, the poor are being crushed under the weight of inflation. It also highlights the fact that our undocumented economy is a lot bigger than the ailing and frail documented economy.
On the one hand, the government is broke, with forex reserves dwindling down to below the $3 billion mark, and unable to pay import bills. I am not against the rich enjoying their lives. My point is that we need to reduce the gap between the rich and poor.
Raja Shafaatullah
Islamabad
Rising inflation not only affects the purchasing power of consumers but also undermines overall economic stability. It...
The climate change situation in Pakistan is a huge problem for the entire nation. Even though it is among the...
Karachi residents living along or near University Road, are facing many difficulties due to the construction of the...
This letter refers to the news report ‘Events like Ambani's wedding should also be held in Pakistan: Sindh...
The strength of a nation is crucial for its prosperity and stability. A strong nation is not only economically stable...
The month of February saw yet another controversial general election in Pakistan. A great number of allegations of...
