ISLAMABAD: The inflation and present condition of economy have affected the buying power of Pakistanis.
The people are complaining about dwindling power to purchase daily-use items, houses and cars. They are also finding themselves unable to save money for future. This was revealed in a three-month report of IPSOS Consumer Confidence Survey 2022. More than 1,000 people participated in the survey carried out during September 7 and September 12.
The latest survey reports 6 percent increase in the people who talked about difficulties in purchasing daily-use commodities in the previous survey. The percentage now stands at 95. The percentage of people who find no difficulty has dropped to 5 percent from 11 percent.
Similarly, the percentage of people who are not so confident in making big purchases like a car or a house has increased to 95 from 91. The percentage of people who can easily make such purchases has decreased from 4 percent to 5 percent. In the survey, 93 percent say saving is not possible and are unable to make any investment. Seven percent, however, say they can do that.
Trump said he and Erdogan had “excellent” relationship during his first term as US president from 2017 to 2021
India’s demand to stop funding from ADB is part of larger effort to increase economic pressure on Pakistan
Carrier said it was altering its flight schedule and flight plans with destinations
Government’s cost-cutting measures have already resulted in savings of Rs3,400 billion
Pakistan rejects accusations, and has repeatedly made clear it will respond with force to any aggression by India
Relations have deteriorated since former prime minister Sheikh was ousted in August following mass protests