Under a blazing sun at Peshawar’s sprawling Ring Road cattle market, buyer Khayam Khan moved slowly between rows of bleating goats and restless sheep, a bottle of water clutched tightly in his hand and wet towel on his head to avoid heatstroke. Instead, sweat dripped from his forehead as he stopped at yet another animal […]
Skyrocketing
Skyrocketing prices and the poor
Sir: The Pakistan Bureau of Statistics reported that the inflation rate, as measured by the consumer price index, has touched to 9.41 percent. This rise in the general price level will reduce the purchasing power of the money (Rupee) by the same or more percentage making transactions more costly to conduct, particularly for the poor. […]