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.
Bu hikaye The Business Guardian dergisinin May 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin May 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
'Mumbai police will stay alert till the entire voting procedure gets done,' says Mumbai Police Commissioner
In view of the fifth phase of voting in the six of Mumbai’s Lok Sabha constituencies, Mumbai Police Commissioner Vivek Phansalkar said that police personnel were deployed at polling booths yesterday itself.
UDDHAV THACKERAY ALLEGES VOTING DELAYS DUE TO GOVERNMENT
During a press conference in Mumbai on Monday, Uddhav Thackeray alleged that election officials were deliberately delaying the voting process at many centers under government orders.
SUPREME COURT ISSUED NOTICE ON RBI'S PLEA AGAINST MERGER OF MALAPPURAM DISTRICT COOPERATIVE BANK WITH KERALA BANK. ORDERS STATUS QUO
The Supreme Court in the case Reserve Bank Of India vs. The State Of Kerala S observed and has issued notice on the petition filed by the Reserve Bank of India, RBI wherein it challenged the amalgamation of the Malappuram District Cooperative Bank in Kerala with the Kerala State Cooperative Bank.
Indian Navy ships arrive in Manila for maritime partnership exercise
Indian Navy ships INS Delhi, INS Shakti and INS Kiltan arrived in Manila, Philippines, to further strengthen the longstanding friendship and maritime cooperation between the two countries.
Global Britain Centre Chairman criticizes western media on India's 'Acche Din'
Slamming the Western media over the “negative” coverage of elections in India and Prime Minister Narendra Modi’s policies, Global Britain Centre founding chairman Amandeep Singh Bhogal said that a lot of people have problems as India’s good days (achhe din) are here.
IRAN CHOPPER CRASH: BODIES OF PRESIDENT RAISI TRANSPORTED TO TABRIZ CITY
The body of Iranian President Ebrahim Raisi, along with other officials who died in a helicopter crash, is being transported to Tabriz city
EAM Jaishankar meets Mauritius UN envoy, discusses Global issues
External Affairs Minister S Jaishankar met the Permanent Representative of Mauritius to the United Nations Jagdish Koonjul, on Monday.
IIITH's incubator graduates 12 social startups, selects 10 Greentech for EPAM program
IIITH’s social incubator has graduated 12 social startups and selected 10 Greentech startups for the EPAM Social Impact Innovation Program.
Varaha heritage: Blending Tech and culture for a richer experience
The city of joy, Kolkata, witnessed the second chapter of the International Museum Expo on the 18th and 19th of May, organised by the Ministry of Culture, Government of India, to initiate a holistic conversation on museums and India’s cultural diplomacy through digitization. In the rapidly evolving digital landscape, visionary entrepreneur Hitesh Kumar is leading the charge in integrating advanced technologies such as 3D digitization, artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) to revolutionise the preservation and presentation of cultural heritage.
SECURE YOUR FUTURE: SMART SAVINGS WITH FIXED DEPOSITS ON BAJAJ MARKETS
One of the key highlights of the FDs available on Bajaj Markets are the attractive interest rates, with some issuers offeringup to 9.00% p.a