tv DW News Asia Deutsche Welle February 8, 2023 6:15pm-6:31pm CET
6:15 pm
the confirmed death toll in turkey and syria has climbed to more than 11000 people coming up next in august on the economy. on the brink, prices of food, staples are skyrocketing and the government solution may prolong the pain that and more coming up with my colleague, brush banners, fresh water break. if you want more news and analysis, of course, to find that on our youtube channel or on our website at t w dot com and play richardson in berlin. thank you so much for watching. sometimes the show right out at you out t v highlights for shipping books every week. now come up and you cream was like a stepping point. you know, i bought you into that. would you want to be finish your studies now? yeah, i said you get from crane,
6:16 pm
you can choose to go back or somewhere else. currently, more people than ever on the move world wide in search of a better life. so why, but i want to go back to 9 j like i don't have any reason school, but there's no reason that's nothing for me that yeah, i believe something great is coming very, very soon. and yeah, i can wait for gene miller. don't allow one nice story in for my grade. reliable nice her migraines, wherever they may be, better did other than yours and sure are coming up to date box is tom's financial. rose sergeant prices have left many bodies bodies unable to afford even basic food items. it's leading to situations like these across park is don cities that are the would have to queue up for 2 or 3 hours in line to purchase subsidized flowers. the regular price is around affordable. there is no electricity,
6:17 pm
but we get bills. there is not gas, but we get large bills. pakistan's beamed. it's hopes on funding from the i m f. but how did the country get to the situation? ah, i british manager, welcome to did up the news asia, glad you could join us. pakistan 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 meltdown 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
6:18 pm
a $1000000000.00 in funding from the international monetary fund or the i m f. but here's how pakistan's economic crisis is directly affecting its people. it was, i rather would have to queue up for 2 or 3 hours in line to purchase subsidized flower. the regular prices around affordable milligram yard alena about that yard inflation is gone. crazy. price is increasing and the situation in the country is getting worse. gasoline, 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 that is 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. and according greed and from most dishes, over the past year in pakistan, the price of onions has increased over 500 percent. let's
6:19 pm
get more context on this on john, buddy doubled reporter venus java in their studio in each welcome. what does this singular increase in the price of onions see about barker stands, economic crisis release 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 our bees of onion with a piece of bread. so onion is something that's extremely important for pakistan his foot. and imagine our daily bit owner who owns less than 5 years a day. now he has to be on almost a euro for a killer of onions. and before the graces had hit people in pakistan,
6:20 pm
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 anyone. an onion 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 unknowns or in the entire groceries budget has been impacted. we spoke to a woman in karachi, her husband fact, and this is what she had 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
6:21 pm
upset if that's completely disrupted our budget and yoga agenda. the budget is what you're talking, roberta vinnish, i mean this arrangement, rearrangement rather of the budget must essentially sound and death knell for middle class families and their plans and particularly for, for families. this must be catastrophic. be there, she has thought mental 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 on is also a country. we don't, we have to remember that last last year. and it was hit by catastrophic flats. and those floods impacted mostly the 4 families of the country are almost 33000000 people were impacted. 8000000 around 8000000 people were displeased and even now millions are without homes. and these families are from ruler ears of pakistan. an before flights,
6:22 pm
at least they were self sufficient. they had did 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 a park is an already house, 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 $9000000.00 arcus anees could be pushed into poverty. so yes, definitely floods impacted by the current economic crisis, and has worse than the situation for port 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, i've thickened to some political commentators in the country of speaking to common
6:23 pm
people in the country. and i have never in such pessimism before. and that is, it seems like there is not just under government arm, 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 m 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 guardian government was also not able to take a deficient, not able to make choices that stabilized the economy. and when you look at the people that are people, oh, can't afford rent anymore. people are forced to, ah, take out their children from expensive school infant them to cheaper schools than unable to export transportation. so there are people who are selling their cars and
6:24 pm
buying more to buy it because they cannot afford fuel. so people are focused on special image class at impacted, and it seems at most people now think that the college, there is no one taking responsibility and people are just left on did on. and the government's response has been doing negotiate with the international monetary fund or the i m f for funds and you had their prime, mr. shabazz sharif 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 pakistan have any other options? how did it come to this? what has caused this particular crisis? so i m f, c of an alter the govern. government says that the crisis started when previous
6:25 pm
government of pakistan an embryo on hung. the den, prime minister, made a decision of subsidizing fuel electricity and gas, and their fear that it was a political deficient to gain public support. but that meant that marcus, on was getting less money for, for, for power than it was supposed to get. and when the new government game, they also didn't want to lose public support. so they also didn't reduce the prices . they also didn't cut down the subsidies on food products um and the laska and the, and the govern government also. or what value to the good and see which meant that are remittances, which i'd a big part of august on national income. now, overseas focus on is we're sending these that image in 5th through private means and not to banks. for dark money was not shown in pockets on the account. eventually when focused on ease afford uh, focus on foreign exchange with of depleted the government. then i had to go to the
6:26 pm
i m f. by the way, the i m f program was store has been immune. hon. a got down a bit. any man hunt subsidized to food products. and since then, now the government is negotiating with the i'm of in september, it got 1 pm, and now it is expecting an underpayment, but not only dis, i think flooding also played a role in the graces. a billions of a damn a bug isn't what damages and billions of dollars, and also the ukraine war buck as an imports, a lot of sweet from ukraine and in the ukraine. what happened? a lot of really good and come to pakistan. there was a shortage. and that also ghost food graces indic, offered storm, but to properly csm, way up there as the initial factor, the kept from the i m f. when this come at a cost for by the phone. i think it will come at
6:27 pm
a huge cost. are we just heard of people of pakistan thing, how their life have been impacted? i think unfortunately, i'm dare situation where you get worse are because i am if is asking pakistan to increase it. stacks piece and the rich always finds their own way of, of not being the therapist. 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 really item would increase. and then i, m f is also asking died. 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 your stove will increase. and at the macro level, i think industries will shrink because the cost of production will increase our per capita in
6:28 pm
a winterly per capita income of the country will or will decrease economic growth of the country will decrease, but saw in the current scenario, a payment by i m f is a very good news because bug isn't has absolutely no money left. but for the people of bikers on, it's a bad news very briefly. well, this is not the 1st time that market line is going to get. am i am f lord program? it's had nothing more than 20 so far. why does this keep happening? ah, i think the court of the problem is poor 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 in it's, it's exports. there were not enough efforts made to increase the exports of the country for there has not been a lot of investment made into small and dim enterprise, which is the backbone of economy. while we're structured of the countries obsolete state entities, like really if and the international airline, bay and garb 1000000000 and law says,
6:29 pm
our focus on needs to diversify its energy sources. it imports most of its energy from so fundamental. actually, a horrible hauling of the system is required, which bacchus on has field to to a complete reset. finish. thanks very much for breaking this. a complex issue down in very simple words. but that, that brings it to 3 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. i mike of phoenix from the ashes to pop ot creators and a young, handsome breathe. new life into church remains. the historic building in the central germany is to become an meeting,
6:30 pm
an old church in a new role. next auntie w. these places in europe are smashing all the records. step into a bold adventure. it's the treasure map for modern globetrotters. discover some of you wrote record breaking sites on your back to and now also in book form. mm hm. ah to german artists and a lutheran pastor hack their way through the undergrowth to a dilapidated church. just a couple of hours drive from berlin.
24 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=935812381)