Pakistan announces Ramadan relief package to aid citizens amid soaring inflation

People buy food and drinks items at a store ahead of the Muslim holy fasting month of Ramadan in Peshawar, Pakistan, on March 20, 2023. (AFP/File)
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Updated 14 February 2024
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Pakistan announces Ramadan relief package to aid citizens amid soaring inflation

  • The package amounting to $32.6 million will subsidize essential commodities for targeted beneficiaries
  • The country’s short-term inflation spiked by 39.45 percent on an annual basis at the start of this month

ISLAMABAD: Pakistan’s top economic decision-making body on Tuesday approved the Ramadan relief package ahead of the Muslim fasting month beginning in March to facilitate lower- and middle-income groups amid high inflation.

Governments in Pakistan typically announce the package every year to ease the burden of increased food consumption and charitable giving that characterizes the holy Islamic month.

The Ramadan relief package includes subsidies and price reductions on essential commodities such as wheat, sugar, oil and pulses, among other items.

“The Economic Coordination Committee has approved the proposed Ramadan Relief Package 2024,” the country’s state-owned broadcaster, Radio Pakistan, reported on Tuesday. “Under the package, subsidies will be provided to targeted beneficiaries of BISP [Benazir Income Support Program] with a net amount of 7.4928 billion rupees [$32.6 million].”

Pakistan witnessed all time high inflation of 38 percent last May which gradually declined to 28.3 percent at the outset of this year.

The country’s short-term inflation, measured by the Sensitive Price Index, spiked by 39.45 percent on an annual basis earlier this month due to a surge energy and food prices.

Independent financial analysts and global institutions, including the International Monetary Fund (IMF), believe Pakistan’s inflation will gradually ease in the coming months, potentially offering much-needed relief to people.


Police kill five militants, foil plan to block highway in Pakistan’s southwest

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Police kill five militants, foil plan to block highway in Pakistan’s southwest

  • The militants were killed in an intelligence-based operation in Mastung district of Balochistan
  • Search, combing operations are underway to apprehend accomplices of militants who fled the scene

QUETTA: Pakistan’s counterterrorism police on Monday said they had killed five militants, who were planning to block the Quetta–Sibi highway and target security forces, in an intelligence-based operation in the southwestern Balochistan province.
The operation took place in Mastung district when militants affiliated with the Balochistan Liberation Army (BLA) were planning to carry out “subversive activities” against security forces and the public, according to a CTD spokesperson.
CTD received credible intelligence that armed BLA militants had taken positions near Mastung’s Dasht area to block the Quetta–Sibi highway and target security forces and civilian traffic. Acting swiftly on the information, CTD teams moved into the area. The militants opened indiscriminate fire upon sighting CTD personnel.
“During the encounter, five unknown terrorists were shot dead, while other accomplices managed to flee, taking advantage of the rugged and mountainous terrain,” the CTD spokesperson said in a statement.
Balochistan, which borders Iran and Afghanistan, has long been the site of a separatist insurgency and witnessed a series of high-profile militant attacks last year. In March, the BLA hijacked a passenger train and the siege killed at least 60 people, while in May, a suicide bombing in Khuzdar killed several children on a school bus.
The separatists accuse the central government of stealing their resources to fund development in Punjab. The federal government denies the allegations and says it is working for the uplift of local communities in Balochistan, where China has been building a deep-sea port as part of its Belt and Road Initiative.
Officials found seven hand grenades, five sub-machine guns with live rounds and three motorcycles from the scene, according to the CTD statement.
“Search and combing operations are underway to apprehend the fleeing terrorists and dismantle the remaining network,” it read.