In 2023, the inflation rate skyrocketed to almost 30% in the country, while the real GDP growth rate was -0.5%, according to the International Monetary Fund’s World Economic Outlook Database.
Local authorities are facing challenges in implementing government rate lists. Onions are being sold at 230-250 PKR/kg, exceeding the government-fixed rate of PKR 175/kg; and chicken is being sold at PKR 615/kg.