The financial challenges faced by people living in urban areas of Pakistan have increased by 14% compared to last year due to sky-high inflation.
The latest research by Pulse Consultants revealed that 74 percent of Pakistanis are unable to cover their expenses with their current income.
Inflation rate increased by 2.1% in the first month of the new financial year
In May 2023, their number was 60%, 60% of 74% of people cut back on other expenses, including food, and 40% borrowed money to cover their expenses.
According to the research, 10% of these 74% of people have taken on additional part-time jobs in addition to cutting expenses and borrowing money.
Committee on Government Expenditure Reduction recommends privatization of some public sector enterprises
Half of those who cut back say they haven’t saved any money despite cutting back on essentials.
