The effect of the economic crisis in poor Pakistan is visible in the holy month of Ramadan. The price for one dozen banana has soared to 500 rupees. You will be shocked on hearing the price of grapes. According to the information available, currently grapes are sold at Rs. 1600 per kg in Pakistan. The demand for fruits rises in the holy month of Ramadan, but like flour, currently Pakistan, is facing the shortage of fruits too.
Onion price rise by 228.28 percent
Apart from banana and grapes, the prices of routine commodities are also skyrocketing. 228.28 percent increase has been recorded in price of Onion. The price of flour has also soared a lot. Since the economic crisis, the price of flour is increased by 120.66 percent. Diesel price is also on fire in Pakistan. The price of Diesel has hiked by 102.84 percent and petrol with 81.17 percent rise.
Talks between Pakistan – IMF for assistance
The International Monetary Fund (IMF) has placed a few conditions for disbursing loans to poor Pakistan. Since the beginning of February, talks are going on between Pakistan and the IMF regarding a loan of $1.1 billion. The fund is part of the $6.5 billion bailout package approved by the IMF. The economy of Pakistan can be revived in case of the disbursement of the loan by IMF.