{"id":165860,"date":"2021-01-02T13:31:32","date_gmt":"2021-01-02T08:31:32","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=165860"},"modified":"2021-01-02T13:31:32","modified_gmt":"2021-01-02T08:31:32","slug":"2020-stained-with-inflation-unemployment-and-political-instability","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/2020-stained-with-inflation-unemployment-and-political-instability\/","title":{"rendered":"2020 stained with inflation, unemployment, and political instability"},"content":{"rendered":"<p>ISLAMABAD, January 02 (Online): The Pakistan Economy Watch (PEW) on Saturday said the 2020 was stained with inflation, unemployment, and political as well as economic instability marred the year 2020.<\/p>\n<p>The year was beneficial for influential mafia, profiteers, hoarders and politicians while it saw unprecedented inflation, unemployment, instability, lawlessness and tall claims, it said. <\/p>\n<p>The wheat, sugar, poultry, pharma and other mafias transferred trillions from the pockets of the poor to their accounts while the tariff of electricity, gas, price of petrol and food further damaged the masses, said Dr. Murtaza Mughal, President PEW.<\/p>\n<p>He said that masses were burdened with heavy taxes during the outgoing year while the practice of rewarding nobility through tax breaks worth hundreds of billions continued while masses will continue to brave problems in absence of corrective measures.<\/p>\n<p>Millions lost their jobs and businesses while many more saw cutr in their incomes at a time when the price of almost everything rose exponentially breaking all previous records. <\/p>\n<p>Record erosion in the exchange rate took toll on masses as well as the economy and trillions were wasted on fancy projects and deliberate delay in import of wheat, sugar, LNG and other needed items.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, January 02 (Online): The Pakistan Economy Watch (PEW) on Saturday said the 2020 was stained with inflation, unemployment, and political as well as economic instability marred the year 2020. The year was beneficial for influential mafia, profiteers, hoarders and politicians while it saw unprecedented inflation, unemployment, instability, lawlessness and tall claims, it said. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":165660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-165860","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2020 stained with inflation, unemployment, and political instability<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/2020-stained-with-inflation-unemployment-and-political-instability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 stained with inflation, unemployment, and political instability\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD, January 02 (Online): The Pakistan Economy Watch (PEW) on Saturday said the 2020 was stained with inflation, unemployment, and political as well as economic instability marred the year 2020. The year was beneficial for influential mafia, profiteers, hoarders and politicians while it saw unprecedented inflation, unemployment, instability, lawlessness and tall claims, it said. 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