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Wheel of economy will be jammed when inflation increases by 38%, says Sheikh Rasheed

Wheel of economy will be jammed when inflation increases by 38%, says Sheikh Rasheed
August 1, 2022 Web Desk

RAWALPINDI (92 News) - AML chief Sheikh Rasheed said that exports have reduced by 25 percent due to the ban on raw materials. When inflation rises to 38%, not only inflation but also the wheel of the economy will be jammed.

In his Twitter message on Monday, he wrote that if the ministers have the courage, they should go to the public instead of the PDM meeting and come clean. 200 factories are closing every month, crime has increased by 100%.

Sheikh Rasheed further said that the threatening statements of Maulana Fazlur Rehman will create more chaos. I want to tell the chocolate sellers that there is going to be a famine of flour and banaspati.

Awami Muslim League chief said that Rs 3 reduction in petrol and Rs 9 increase in diesel is a joke to the nation. “The factories of the rulers are running well, the house of the poor has been damaged”, he added.