ISLAMABAD – A new Ipsos survey depicts almost 49% of Pakistanis believe the federal government is responsible for inflation.
The survey conducted from October 28 to November 4 which includes over a thousand respondents and results states that price hikes have impacted every Pakistani(a whopping 97% of the respondents), while the middle and lower classes suffering the most.
It revealed that nearly half (49%) of the Pakistanis blame the federal government for inflation while 15% of the individuals blamed previous governments for it and only 8% blamed it on an unknown mafia.
Nearly five per cent of the respondents declared shopkeepers/traders responsible for price hike and 3% declared bureaucracy and the factories owner behind the increase.
Balochistan stands first for those considering the federal government responsible for inflation followed by Khyber Pakhtunkhwa with 58%, Punjab 46% and Sindh 44%
Twelve per cent said they were not worried about the inflationary situation in the country.
The highest ratio of those worried by price hike was seen in Sindh with 91%, followed by KP with 89%, Punjab and Balochistan 86% each.
Survey also revealed almost, 4 in 5 Pakistanis (83%) faced a reduction in income due to the Covid-19 pandemic.
Pakistani rupee inches up against US dollar in the open market on 28 March, 2024.
In the open market, the US dollar was being quoted at 278.4 for buying and 281.4 for selling.
Euro moves down to 299.75 for buying and 302.75 for selling while British Pound hovers around 353.75 for buying, and 357.25 for selling.
UAE Dirham AED remains stable at 75.55 whereas the Saudi Riyal saw minor increase, with new rates at 73.70.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.4 | 281.4 |
Euro | EUR | 299.75 | 302.75 |
UK Pound Sterling | GBP | 353.75 | 357.25 |
U.A.E Dirham | AED | 75.55 | 76.3 |
Saudi Riyal | SAR | 73.7 | 74.4 |
Australian Dollar | AUD | 182.9 | 184.7 |
Bahrain Dinar | BHD | 739.61 | 747.61 |
Canadian Dollar | CAD | 204.25 | 206.45 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.30 | 40.70 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 901.14 | 910.14 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 168.56 | 170.56 |
Norwegians Krone | NOK | 26.19 | 26.49 |
Omani Riyal | OMR | 724.36 | 732.36 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206.25 | 208.25 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 313.78 | 316.28 |
Thai Bhat | THB | 7.76 | 7.91 |
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