Karachi : It is indeed a challenging situation for middle class and poor families in Pakistan, as the country is going through an economic crisis marked by mounting debt, depleting foreign exchange reserves, and rising inflation. The situation is so dire that people are losing their lives in stampedes while trying to buy essential commodities like flour. This paints a grim picture of the economic situation in the country.

To tackle the crisis, the central bank of Pakistan has raised its key interest rate by 100 basis points to a record high of 21%. This move is aimed at curbing inflation and stabilizing the currency. However, this may also lead to a decrease in investment and borrowing, which could further impact the economy.

Unfortunately, the worst is yet to come as the government has warned that energy tariffs will increase, and food prices will rise during the month of Ramadan. This will further burden the already struggling households, particularly those belonging to the middle class and poor sections of society.

It is imperative for the government to take effective measures to address the economic crisis and provide relief to the people who are bearing the brunt of the situation. The government should work on improving the foreign exchange reserves, controlling inflation, and ensuring the availability of essential commodities at reasonable prices. It is crucial to take swift action to stabilize the economy and prevent further hardships for the people.