Controlling the rising inflation across the country may now be beyond the government’s ability as the rulers borrow to pay the debt and more interest-based debt is taken to pay the interest.
The past two decades are especially important in terms of inflation, which became a headache for the nations around the world celebrating the arrival of the new millennium, but the role of global powers cannot be ignored.
For example, after the attack on the World Trade Center in 2001, the international community, which was already divided into Muslims, non-Muslims, Jews, Christians and atheists, began to look for terrorists. done.
Pakistan announced that it will support the US in the war against terrorism and took the Taliban’s opposition to the US in its own neighboring country of Afghanistan. If the readers remember, at that time former Army Chief General Pervez Musharraf assumed the title of Chief Executive of Pakistan and was in charge of the country.
This move resulted in terrorism in the country and TTP, BLA and other terrorist organizations started to rise. As a result, the Pakistan Army had to come into the fray as it was beyond the capacity of the police and other law enforcement agencies to control the terrorists armed with sophisticated weapons.
The Taliban of Afghanistan fought a war against the United States for 20 years and the United States failed and was forced to withdraw its troops, but then Russia started a war against Ukraine, on which the United States and its allies made the country a member of NATO. He was forced to promise to make it.
Today, inflation is blamed on other global events including the Russia-Ukraine conflict. You ask why the prices of petroleum products have increased in Pakistan, and ask why wheat and other essential commodities are becoming expensive here. So the answer is that inflation in the world market is the main cause of inflation in our country.
Undoubtedly, the important role in taking the genie of inflation out of the bottle is also the events happening at the global level, but it must also be admitted that as a nation, the Pakistani nation took the path of degradation instead of development. We, who were once exporters of wheat, are now forced to buy wheat from others.
There is a need for the Pakistani nation to come to the field of action to fulfill its own needs and get united out of the shackles of caste, nationality, provincialism and religious divisions. Only with this one measure can other important problems including inflation control be solved.
