the regular price is around affordable. there is new electricity, but we get bills. there is not gas, but we get large bills. august arms pinned its hopes on funding from the i m f. but how did the country get to the situation? ah, my british manager, welcome to the dublin news asia, glad you could join us. but just on is facing its worst economic crisis in years. runaway inflation and law foreign exchange reserves are contributing to the misery . factors that lead to sri lanka wrote down last year. though pakistan's not there yet, it's teetering on the edge. queues, like this one are becoming the norm. people wait in line for hours to get subsidized flower a staple in pakistan. many simply can't afford the usual foodstuffs to feed their families, which is why pakistan is hoping to unlock more than

a $1000000000.00 in funding from the international monetary fund or the i m f. but here's how pakistan's economic crises is directly affecting its people. it was our other would have to queue up for 2 or 3 hours in line to purchase subsidized flower . the regular prices are on affordable healthcare. madeline about that the odd inflation is gone. crazy price is increasing and the situation in the country is getting worse. yes, any, there is no electricity, but we get bills. there is not gas, but we get large bells. and so yeah, but we were able to buy groceries for a 1000 repeat. but now we can only buy a few things with that same amount in here to drive home just how much of a sticker shock people are experiencing. let's take a look at just onions. now, it's a staple of the south asian diet, cheap and tasty. an acord ingredient from most dishes. over the past year in pakistan, the price of onions has increased over 500 percent. that

kept more context on this and john, buddy double reporter beneath java in their studio in each welcome. what does this singular increase in the price of onions see about artist ons, economic crisis, release and for economic crisis, if hitting people where they feel it? pakistan use use onions, for instance, for the omelettes and breakfast for their goodies in lunch, and for dinners for their salads. any when the borders of the poor, who have, who kind afford to eat anything eat when day. we'll have a piece of onion with a piece of bread. so unknown is something that's extremely important for parker fanny's foot. and imagine our daily bit owner who aren't for less than 5 years a day. now he has to be um, almost a euro for a killer of onions. and before the graces had hit people in pakistan,

good by onions for less than quartered or for yoder. i've spoken to women and mark is down and they say they have no option, but to find ways to cook without onion and a noun is something that poor families in pakistan would use to increase the quantities of goodies so that every one will have on food on the plates, but unfortunately just the increase in brace of onions has badly impact it and disturb the budget of an average household in pakistan. as you are saying it's, it's not just about onions or in the entire groceries budget has been impacted. we spoke to a woman in karachi, her husband fact, and this is what you have to say to us. our sub the are the price of vegetables and fruits has gone up. now we spend the same amount of money on vegetables for only $2.00 days that we used to spend on vegetables. for 10 days, the acres get 80, especially the prices for onions and tomatoes. robin has gone really high will

upset if that's completely disrupted our budget and yoga agenda. the budget is what you were talking, roberta vinnish, i mean this arrangement, rearrangement rather of the budget must be essentially sound and death knell for middle class families and their plans and particularly for portal families, this must be catastrophic. be there, she has thought, middle class is definitely shrinking. they are badly impacted, but the board of the country has been burst like, have been badly hit on. so for instance, marcus and is also a country. we don't, we have to remember that just last year. and it was hit by catastrophic flats. and those floods impacted mostly the poor families of the country are almost 33000000 people were impacted. 8000000 at out 8000000 people were displeased and even now millions are without homes. and these families are from ruler ears of pakistan on

before floats. at least they were south sufficient. they had that on agriculture land, they had their own might houses. so they were able to sustain themselves. but now their land agriculture land is under water. their homes have been banished and the un says bach isn't already has more than 30 percent. people who live below poverty line and now you and says that unless rehabilitation efforts are not made, recovery efforts are not made an additional 9000000. marcus anees could be pushed into poverty. so yes, definitely floods impacted, but the current economic crisis has worse than the situation for board of the country. so the poor could become porter, the price of onions is gone up. it is on affordable for poor families, in particular is a shortage of wheat. again, impacting poor families and the price of fuel has also gone up. i mean, it just sounds like doom and gloom, or i wonder how pakistan is reacting to this. so and ask a couple of days after speaking to some political commentators in the country of

speaking to common people in the country. and i have never seen in such pessimism before that is, it seems like there is not just under government and it is a consensus among people that oil politicians are looking for it if their own political gain and they do not get for didn't want country and they believe that the economic or political crisis of the country has the worst thing economic crisis . last year when em ran, hans government was ousted to annoy confidence war. he has been out on the streets, protesting against the government, demanding an early election. and the guiding government was also not able to take a deficient, not able to make choices that stabilize the economy. and when you look at the people that are people, oh, can't afford rent any more people are forced to, ah, take out the children from expensive school and fend them to cheaper schools. they are unable to export transportation. so there are people who are selling their cars

and buying more to buy x because they cannot afford fuel. so people are focused on special image class at impacted. and it seems that most people now think that the put it there is no one taking responsibility. and people are just left on did on, and the government's response has been to negotiate with the international monetary fund or the i m f for funds and you had their prime, mr. chabarise sheriff comment on that last week. and this is what he said. and i caught our economic challenges of the moment, our unimaginable, the i am of conditions which we have to fulfill our beyond the imagination. but we don't have any other option. bacteria, roneesh, why doesn't parkerson have any other option? how did it come to this? what has caused this particular crisis? so i m f, c of an alter the gun. guffman says that the crisis started when previous government

of pakistan, an immigrant hung, the den prime minister made a decision of subsidizing a fuel, electricity, and gas, and their fear that it was a political deficient to gain public support. but back meant that barcas on was getting less money for, for, for power than it was supposed to get. and when the new government game be also didn't want to lose public supports and they also didn't reduce the prices. they also didn't get down the subsidies on flute drugs, um and the laska and the, and the govern government also over valued the good and see which meant that our remittances, which i'd a big part of august on national income. now overseas focus on is we're sending the admittance is through private means and not to banks. so dark money was not shown in boxes on the accounts eventually when focused on ease afford up august on

foreign exchange with of depleted the government then practical, the i m f. by the way, the i m f program was store has been immune. hon for got down to odessa anymore on hon. subsidized to food products. and since then, now the government is negotiating with the i'm of in september. it got one payment . now it is expecting an underpayment, but not only this, i think flooding also played a role in the graces, a billions of a damn a bucket, and hacked damages and billions of dollars, and also the ukraine war, but as an import load to fit suite from ukraine and the ukraine, what happened a lot of really good and come to pakistan. there was a shortage. and that also cost food graces in the offered storm birth to populism. way up there as the initial factor. ah, the help from the i m f. when this come at a cost for pakistan, i think it will come at

a huge cost. are we just hurt or people of pakistan thing, how their life have been impacted? i think unfortunately, i'm dead. their situation will get worse are because i am, if is asking pakistan to increase it stacks piece and the rich oil with find their own way of, of not being the terrific. and the easiest way for the government would be to impose stacks on consumer products, which means that the cost of living will increase because price of every item, every daily item would increase. and then i m f is also asking direct subsidies on fuel products be decreased, which means that the transportation costs will increase. a cost of using electricity in a household will increase cost of heating up a your homes, or just using a stove will increase. and at the macro level, i think industries will shrink because the cost of production will increase per

capita in a winterly per capita income of the country will or will decrease economic growth of the country will decrease. so in the current scenario, appear meant by i m f is a very good news because bach isn't has absolutely no money left. but for the people of bike is on, it's a bad news very briefly where this is not the 1st time the market is going to get an i m f. lord program retired. i think more than 20 so far. why does this keep happening? ah, i think the court after problem is for governance economists say bach is on have not been able to have a fiscal dis, a discipline, so it's imports at all with higher than and it's, it's exports. there were not enough efforts made to increase the exports of the country. there has not been a lot of investment made in the small and dim enterprise, which is the backbone of fake on to me. all the structure of the countries up to the state entities like real b as and the international airline in ga 1000000000 and losses. focus on needs to

diversify its energy sources. it imports most of its energy. so fundamental, actually a whole hauling of the system is required which pockets and has failed due to a complete reset finish. thanks very much for breaking this complex issue down in very simple words. but that brings it to the end of today's program. there's more stories on our website as ever and you can follow us on facebook and twitter as well, and see you soon. bye bye. ah ah, [000:00:00;00]

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