Pakistan is currently facing its highest inflation rate in nearly fifty years. In recent months, inflation has soared to as much as 38 percent, marking the highest rate in South Asia. Food inflation has surged to 48 percent, reaching its peak since 2016, Dawn reported.
The government’s decision to devalue the currency by over 50 percent within a year and eliminate subsidies as part of the latest installment of the International Monetary Fund bailout package has exacerbated the nation’s cost-of-living crisis.
In a country where economic challenges often overshadow the daily lives of its citizens, the concept of fair wages has emerged as a ray of hope. Like many developing nations, Pakistan is confronted with the daunting task of addressing poverty, inequality, and social disparities exacerbated by the aforementioned inflation, as reported by Dawn.
At the crux of these challenges lies the question of how much workers are compensated for their labour. Private-sector corporations must engage in discussions about the significance of fair wages and living incomes and why Pakistan must prioritise this vital aspect of economic justice.
Diese Geschichte stammt aus der May 01, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 01, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Rudraprayag Police urges Kedarnath vatra devotees to maintain decorum
A midst the influx of merous devotees Amidst in Kedarnath for the Char Dham Yatra, Rudraprayag Police has launched Operation Maryada to uphold decorum and sanctity during the pilgrimage.
Himanta Biswa Sarma: 400 seats for temples in Mathura, Varanasi, and PoK reclamation
Assam Chief Minister Himanta Biswa Sarma stated that once the BJP secures 400 seats in the Lok Sabha elections, temples will be constructed at the Krishna Janmabhoomi site in Mathura and at the location of the Gyanvapi Mosque in Varanasi, similar to the Ram Mandir built in Ayodhya when the party had obtained 300 seats. Additionally, he emphasized that under PM Modi's leadership, Pakistan-Occupied Jammu and Kashmir (POJK) will be integrated into India.
Uttarakhand DGP: No VIPs for Char Dham Yatra until May 31
Uttarakhand's Director General of Police, Abhinav Kumar, convened a high-level meeting at the state secretariat on Wednesday to address the sudden surge of devotees visiting for the Char Dham Yatra.
Nischintapur Railway station enhances India-Bangladesh connectivity
Nischintapur Nation Railway Station, located strategically near Agartala, is made to enhance India-Bangladesh connectivity. This new railway hub is designed to streamline cross-border travel and commerce, marking a pivotal development in bilateral relations between the two neighbouring countries.
AAP CRITICIZES PM MODI OVER HIGH WHOLESALE INFLATION
Huge gift to people aap slams pm modi on high wholesale inflation rate Huge gift to people’: AAP slams PM Modi on high wholesale
SUPREME COURT: STRANGER WHO PURCHASED PROPERTY KNOWING ABOUT APPEAL PENDENCY CANNOT RESIST RESTITUTION AS BONA FIDE PURCHASER SECTION 144 CPC
The Supreme Court in the case Bhikchand S/O Dhondiram Mutha, Deceased Through Lrs. Versus Shamabai Dhanraj Gugale, the Deceased Through Lrs.
Property leaks reveal extensive holdings of Pakistani elite in Dubai
A groundbreaking investigative journalism initiative named 'Dubai Unlocked' has revealed the vast property portfolios of global elites in Dubai.
NEW CHINESE ENVOY PRESENTS CREDENTIALS TO INDIAN MEA OFFICIAL
President Xi Jinping as Chinese Ambassador to India. China-India relations on the track of sound and stable development
x-Biz Techventures Pvt. Ltd. unveils "TrueCheck.ai
In the current dynamic financial environment, banks, financial institutions, and insurance companies encounter a crucial hurdle: discerning legitimate customers from fraudulent ones.
PVR, Inox Eye 120 Cricket World Cup, concerts amid movie disappointments
India's premier cinema operaIndia's premier cinema casing tor is considering showcasing pivotal matches during the International Cricket Council Men's T20 World Cup to attract audiences amid ongoing challenges faced by movies at the box office.