Severe inflation has struck Pakistan for the last two years, intensifying in recent days. Flour, lentils, fruit, vegetables, eggs, meat, milk, electricity and gas bills and school fees are almost out of reach for much of the population. The Bajwa-Imran regime as usual is undertaking optics without any change on the ground, such as grand announcements about controlling inflation or monitoring prices, as if it had no idea that IMF devaluation policies would unleash the beast of inflation. Inflation is part and parcel of the capitalist system due to its concept of currency, whether it is headed by Musharraf-Aziz, Kayani-Zardari, Raheel-Nawaz or Bajwa-Imran. (more…)
