In inflation-hit Pakistan, egg prices soar to PKR 400 per dozen, chicken at PKR 615 per kg

Meanwhile, chicken is being sold at PKR 615 per kg.

In December last year, the Economic Coordination Committee (ECC) asked the National Price Monitoring Committee (NPMC) to continue regularly coordinating with the provincial governments for measures to ensure price stability and to check hoarding and profiteering, the report said.

Meanwhile, Pakistan's total debt burden increased to a whopping PKR 63.39 trillion at the end of November in FY 2023-24, reports said.

Amid the political crisis, the country's total debt saw an increase of over PKR 12.430 trillion during the tenure of the PDM and the caretaker government.

A World Bank report recently stated that the country's economic development is limited to the elite, which resulted in Pakistan lagging behind its fellow countries in the wake of the economic crisis.

In the wake of the economic crisis, Najy Benhassine, the World Bank Country Director for Pakistan, noted that the nation's economic model has become ineffective and that poverty reduction is starting to increase again.

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.

As per the data released by the State Bank of Pakistan, the foreign exchange reserves held by it had declined to $7 billion at the end of November 2023. In July 2023, it was $8.1 billion -- the highest.

Besides this, the election commission of Pakistan on Monday rejected a resolution passed by the Senate earlier this month seeking a delay in the general election, slated for February 8.

The election commission stated that all arrangements have been completed and it won't be ‘advisable’ to put off the planned elections.