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The squeeze: Navigating economic and social stress

70 1
21.09.2024

IN Pakistan, uncertainty has become a defining feature of our daily lives. The constant state of unpredictability can lead to heightened levels of stress and anxiety among the population. People may experience a sense of helplessness and lack of control over their lives which can contribute to mental health issues such as stress, depression and anxiety disorders. If we talk about the economic factor, one of the most immediate and tangible sources of uncertainty is the frequent fluctuation in petrol and electricity prices. Fluctuation in petrol price not only affects transportation costs but also has a ripple effect on the prices of goods and services, making it difficult for families to budget and plan for the future.

This week, the Federal Government announced a significant development—a reduction in fuel prices. Specifically, the cost of petrol has decreased by Rs10 per litre, dropping from Rs259.10 to Rs249.10. Meanwhile, electricity prices have seen a notable increase, with 14 price adjustments implemented over the past year. The most significant hike occurred in March 2024, resulting in an increase of Rs7.06 per unit. These frequent adjustments have cumulatively added over Rs455 billion to consumer expenses. The key factors contributing to these........

© Pakistan Observer


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