Pakistan's Economy has been seeing a downfall creating a stir in the country, citizens protesting against the government for its wrong decisions. The country has been facing it's worst food crisis ever where shortage of wheat has hitted the nation.

Wheat is the basic food in the nation of which price has been increased  at Rs 140-160 per kg in Karachi and other states getting a 20 kg bag of flour at Rs 2,800 and a 10 kg bag at Rs 1500. 

The people of Pakistan has blamed the administration for the ongoing food crisis stating that it is a total mismanagement by the food department and flour mills. 

As per a Pakistani daily news people are standing in long halted queues spending hours to get their hand on the subsidised flour bags as their is a shortage in the main market. Minister Zamarak Achakzai says that wheat stock has worsen in some regions and have completely exhausted. 

Shehbaz Sharif the Prime Minister of Pakistan, his government has hiked the prices of the wheat flour by 25% to around 62% for sale through Utility Stores Corporations (USC) with an immediate effect to reduce the impact of untargeted subsidies, as per the Pakistani newspaper "The Dawn".

In this tough situation Pakistan is, Russia came in support of the food crisis offering a large consignment of wheat to Karachi port. Pakistan has also been importing wheat from other countries too to fight the crisis. An additional of 4 lakh 50 thousand ton of wheat will be reaching Pakistan from Russia through gwadar port. 

Country has reported shortage of wheat and stampedes from several areas in Khyber, Panhtunkhwa, Sindh and Balochistan provinces. With the food crisis country is also facing the worst foreign reserve exchange which has fallen to USD level 4.5 billion.

The Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) former president and Businesssmen panel (BMP) chairman Mian Anjum Nisar said that the number is likely to drop further even if having the debt repayment obligations of more than 8 million dollar in the first quarter of 2023.

Nisar speaks that the current situation of Pakistan has forcewd the commercial banks to open selective Letters of Credit (LCs) even for healthcare sector. He said that economists are pedicting an humanitarian and healthcare crisis in the country if no strict actions are taken by the State bank of Pakistan, Ministry of finance and other ministries. 

The gap between the inter-bank and open-market dollar rates has increased with Rs 24, focusing on the difference on how the greenback is being valued in 2 formal marketplaces in Pakistan.        

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