Acting President of Korangi Association of Trade and Industry (KATI), Maheen Salman, has expressed reservations over the sharp rise in inflation in the country. She said that the inflation rate for the working class had crossed 21 per cent, which is a matter of great concern. According to the Bureau of Statistics data, inflation was recorded at 19 per cent last week.

Maheen Salman said that the inflation rate in Pakistan is higher than in other countries in the region. Globally, inflation is 4 to 5 per cent, while in Pakistan, it is over 19 per cent.

Acting President KATI said that in such a situation, the lives of low-income citizens have become unbearable. There are millions of workers in Korangi who cannot meet their expenses despite working day and night, which is causing frustration. She appealed to the government to take concrete steps to reduce the rate of inflation on an emergency basis. A reduction in petrol, electricity, and gas prices is inevitable. Industrialization should be promoted in the country to create employment opportunities and increase exports.

Maheen Salman further said that prosperity is not possible without diminishing inflation. She appealed to the government to increase the benefits for the poor given the current situation. The Ehsas Program and the Kamyab Youth Program should be further expanded. Accessible facilities should be provided to the youth of middle-class families for education and vocational training.