This enforced upon the people government has accepted the IMF condition of Rs800 billion (about 1 percent of GDP). Inflation in Pakistan hits 21.3%, highest since Dec 2008. Meanwhile, on a month-on-month basis, CPI-based inflation increased by 6.3% in June 2022 as compared to an increase of 0.4% in the previous month and a decrease of 0.3% in June 2021, stated the Pakistan Bureau of Statistics ( On the other hand, the incumbent government, aiming to revive the stalled International Monetary Fund (IMF) programme, also jacked up rates of petroleum products, a move which is expected to increase inflation further.
In a late-night development on Thursday, the government announced another hike in the prices of petroleum products, with the new ex-depot price of petrol going up to Rs248.74 per litre (after a hike of Rs14.85), and diesel to Rs276.54 (after a hike of Rs13.23).
Electricity loadshedding in Karachi is expected to increase to 17 hours, Apparel exporters continue to suffer as power crisis intensifies which means lay off of employees. Meanwhile Major uptick was recorded in prices of chicken (9.03 percent), pulse masoor (6.30 percent), eggs (4.24 percent), wheat flour (3.99 percent), pulse gram (3.86 percent), rice basmati broken (3.11 percent), mustard oil (2.99 percent), rice irri-6/9 (2.67 percent), pulse mash (1.86 percent), curd (1.68 percent), onions (1.38 percent), milk fresh (1.18 percent), energy saver (4.37 percent) and long cloth 57 inches (1.97 percent).
Wheat flour, an essential in all households is now priced at Rs1,425.03/20kg bag compared to Rs1,370.41 last week and Rs1,145.84 during the same period last year.
Similarly, average price of vegetable ghee increased to Rs482.22/1kg during the week, compared to Rs480.22 last week and Rs303.12 in the same week last year. On August 16, 2018, wheat flour was available for Rs771.45/20kg while vegetable ghee was being sold for Rs150.32/1kg pouch.
A US-sponsored regime change is hardly new, and it does not take a student of history to cite examples of such transgressions. Guatemala, Congo, China, Libya, Palestinian Territories, Dominican Republic, Afghanistan, Cuba, Iraq, Iran, Panama, Bolivia, and Poland are just a few countries where the US has interfered in the past. Imran Khan later brought the letter to the National Security Committee (NSC) – which includes the PM, 4 service chiefs, DG ISI, as well cabinet members. The committee endorsed the letter by stating that there was “blatant interference in the internal affairs of Pakistan by the country in question”. Donald Lu did not reject the conversation when he was asked by a journalist in India, but the State Department has rejected the allegations. It was also alleged by the then-government that America was irked with Imran Khan’s tour of Russia despite Khan’s repeated claims that he wanted to avoid bloc politics and keep good relations with all countries. Moreover, it is assumed Imran Khan’s Pakistan-first propensities and his resolve to have an independent foreign policy were to the chagrin of the US.
The Pakistani media does not enjoy a good repute generally, with many media tycoons and journalists being lax when it comes to journalistic standards and bribes. Imran Khan, unlike his predecessors, however, did not believe in bribing or providing exorbitant government advertisements to media channels and anchors. This allowed his political opponents to use Pakistan’s sprawling media ecosystem against him. His personal life was repeatedly brought into the public discourse, and any missteps the government made would lead to his demonization constantly. Unsurprisingly then, during the letter-gate scandal, many anchors downplayed the threatening letter and implied that it was a futile attempt by the then-premier to hold on to power. There must have been some sort of humiliation felt by such media personnel when the NSC endorsed the veracity of the letter but such elements found other ways to undermine Khan.
The fact is The inflation regime change is already upon us and we have no where to go to complain. So, what follows is an attempt to put together a strong case that an inflationary regime change is indeed upon us.
