Inflation: A big Problem for the people of Pakistan

Inflation and price hike has affected everyone badly. High prices of each and every thing has made it very difficult for poor and middle class to survive and feed their families. Our Ruling and upper class has nothing to do with the issues of common people. They are enjoying all facilities of their lives without thinking about the poor. Our Channels and media houses are giving more coverage to upper and ruling class. Non issues are addressed and discussed more while common and basic issues of general public are ignored and not taken seriously. Politics and interests of ruling class are focused and given more attention while general public,s issues like  unemployment, inflation, terrorism, lack of basic necessities etc are not given much attention.

If we look at the figures and numbers given by government, everything seems fine but ground realities are entirely different. Poor is becoming poorer day by day. People don’t have earning power. Job market is very poor and majority of educated, skilled and talented youth don’t have jobs. Situation is getting worst and problems for the poor are raising day by day. People have nothing to do with the figures and numbers. They look at the ground realities which are miserable.

If we look at the developed and welfare countries, we come to know that they have excellent and people friendly system and conditions for poor in general. They collect tax and then use the tax money for the welfare of people. They do their best to make the lives of common people easy and comfortable. Their prices mostly remain same or raised once a year. With raise in the prices they increase the rates of minimum wages as well. Prices hike doesn’t affect them as government provides them as much relief as possible. While our situation is entirely opposite. Tax is stolen by powerful and the amount collected anyhow either goes in the corrupt hands or is used to facilitate the upper and privileged class.

We are an oil dependant country and unfortunately prices of our all items depend mostly on the rates of oil. We are failed to promote and use the alternate sources for fuel. We didn’t worked effectively  on solar,  wind, sold waste, coal and bio gas systems etc and just relied on petrol and diesel etc. we are far behind in innovation, research and development. We are using traditional means of getting energy and are not using modern techniques and tools. We should work on this important sector as well and should reduce our dependency on petrol and diesel.

All prices go up with increase in the fuel prices. Local vendors and investors raise the prices themselves. We don’t have a proper monitoring and control system for prices at government level. We really need an effective and powerful prices control and regulatory authority. People tax money should also be used to provide them the subsidy and burden of prices hike and inflation should be shared by government as well.

We focus much on loans from international resources like IMF and World Bank etc. They give us loans on their own terms and interests without considering the issues of poor and common people. Ultimately, all burden comes on the shoulders of poor. According to my research and analysis, if we streamline our processes and minimize the leakages then we can reduce the dependency on foreign loans. We need to reform and re-organize our tax system. Main thing is transparency and honesty. If tax is collected and used with full responsibility and in a transparent way then the things might go in good direction. We have to get rid of corruption and without doing this we can’t achieve our goals. The rate is of tax is also a big issue. Commonly used and basic items should be tax free. More tax should be collected from luxury items.

Unfortunately, we collect more tax from poor in form of general sales tax and very less in term of income and property tax from upper class. We need to make a system to collect more from upper and privileged class and spend it to facilitate all. We need to win the confidence of investors and rich as well. We have to ensure them that the tax collected from them will be used to facilitate them and the common people of the country. We need to minimize the burden on poor and help this class to stand on their feet for bringing them in the tax net.

Last but not least, we need solid and practical actions to overcome the common people’s issues. If we take up the matters with sincerity then nothing is impossible to achieve but the main thing is to act rather than merely speak and promise.