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Home Business

Ramadan inflation: Prices soar as profiteers exploit holy month amid demand hike

by Anum Arif
March 3, 2025
in Business, Economy, Main
Reading Time: 2 mins read
0
Inflation

Soaring Ramadan prices leave citizens struggling! 📈💰 Despite government promises, profiteers and hoarders continue to manipulate markets. Will authorities take strict action?

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Soaring Prices During Ramadan: Citizens Demand Relief Amid Inflation Crisis

As the holy month of Ramadan begins, the prices of essential commodities have skyrocketed across major cities in Pakistan, leaving citizens struggling to afford basic food items. Despite the government’s repeated assurances to control inflation, profiteers and hoarders continue to exploit the situation, leading to artificial shortages and price manipulation.

Failure of Price Control Measures

Lahore’s model bazaars, which were set up to provide relief to consumers, have failed to meet expectations. Shoppers report that both the quality and pricing of food items remain a major concern. Similarly, in Islamabad, fruit prices have surged drastically compared to just three days ago, making affordability a growing concern for residents.

In response, Punjab Chief Minister Maryam Nawaz has ordered an immediate crackdown on hoarders and profiteers. She has directed commissioners and deputy commissioners to enforce strict price monitoring, ensure transparent price displays, and take legal action against those violating official price lists. However, despite these directives, traders and vendors continue to disregard regulations, citing rising wholesale costs and supply chain disruptions.

Consumers have expressed frustration, pointing out that while global markets introduce Ramadan discounts, local retailers in Pakistan are driving prices higher. Many low-income families are finding it increasingly difficult to observe the holy month without facing financial strain.

Record Inflation in Karachi and Other Cities

Karachi, Pakistan’s largest city, has been hit particularly hard by inflation. Fruits and vegetables are being sold at exorbitant prices, with bananas priced at Rs150 per dozen against the official rate of Rs148, and golden apples retailing at Rs300 per kg instead of Rs219. Similarly, in Hyderabad, vendors have arbitrarily increased prices, making it difficult for the public to afford fresh produce.

In Quetta, the much-anticipated Ramadan Sasta Bazaar has failed to deliver the promised relief to citizens. Many stalls remain empty, forcing disappointed shoppers to return home without essential items. Meat, vegetables, and bakery products continue to be sold at regular market rates, contradicting government claims of subsidized prices.

Citizens Call for Immediate Action

Frustrated shoppers across Pakistan have voiced their disappointment, urging the district administration to take concrete measures to ensure genuine relief during Ramadan. The government’s inability to regulate essential commodity prices raises concerns about its effectiveness in providing economic relief to struggling households.

If immediate action is not taken, unchecked profiteering could place an even heavier burden on already struggling families, further worsening the economic hardships during this sacred month.

Tags: Cost of LivingEconomyGovernment ActionInflationMarket CrisisMarket CrisisPakistanPakistanPrice Controlpublic welfareRamadanRising Prices

Anum Arif

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