Posted on 06/02/2022 6:05:10 PM PDT by blam
Pakistan faces potential economic collapse as inflation jumps and widespread civil unrest could be nearing. The latest sign the South Asian country is spiraling into the abyss is rising electricity costs that threaten to close tens of thousands of businesses.
Bloomberg reports that as many as 40,000 factories in Karachi, the country’s commercial capital, are being slapped with high power costs that make operating near impossible.
Rising power costs are so severe that nine business groups in Karachi told the government that an immediate plan needs to be formulated to lower power costs or face economic disaster.
Any shuttering of factories and mass layoffs could trigger social unrest in the commercial capital, home to more than 16 million people.
Discontent among businesses and households is already soaring with an official inflation rate of over 13.37% (double the official CPI to get a more accurate picture of true price inflation), the 2nd fastest-rising rate in Asia.
On top of high power costs, Karachi’s power utility — K-Electric Ltd. — warned customers of widespread power cuts for the first time in over a decade if power generation continues to struggle because of high fuel costs and supply shortages.
“These current conditions are severely hindering KE’s ability to procure fuel, causing a permanent curtailment of power generation” that translates to as much as 10 hours of planned blackouts for some parts of the city, said Sadia Dada, a spokesperson for K-Electric.
Pakistan is also a nuclear power — political elites may stoke a conflict with neighboring India to distract public anger from domestic financial pain.
No mention of the effect on food, delivery, distribution and storage.
How many will end up in North America?
Thing is, the people perpetrating this are doing it in the name of environmentalism.
What we learned after the end of the Cold War was...the countries who had capitalist economies and were prosperous had the cleanest environments.
The countries living under socialist rule behind the Iron Curtin were horribly and dangerously polluted with every imaginable toxin simply dumped wherever it could be dumped.
They are destroying all the world’s economies, and they are going to find out what that does to the environment world wide.
See my tagline. It is all intentional.
Pakistan is another Sri Lanka. And, there will be dozens of others.
Wait until the food runs out.
Thanks to Boosh, Pakistan has nuclear weapons
Who will fund the Tallybunnies?
Jao BiXiden will use this as a model for our future.
They do not know how many nuclear weapons they still have in their control as I understand.
We will find out soon enough I suppose.
Pakistan is on the brink. It’s been headed that way for a few years; now it appears it is ready to collapse.
Hussein was a big fan of Pak-ee-ston. He should go visit and cure their ills.
Moslems, who cares?
Karachi is the filthiest city in the world.
You can smell it 50 miles off shore.
A friggin sewer in which 16 million live.
“ How many will starve?”
In Pakistan? With any luck, all of them.
L
They should have listened to our brilliant energy secretary and just bought electric cars and electric factories.
Is there a better way to reduce Man’s Carbon Footprint than to eliminate the source?
TPTB used to be able to conduct human sacrifices in the name of Nature appeasement. We haven’t evolved much.
Oh, I wouldn’t worry about this one. I’m sure JRB, Jr. has nothing to do with this. /sarc
We is always messing around in somebody else’s playground.
Oops, wait for it. Same old story, same old people. Same old world wide outcome.
https://stuartbramhall.wordpress.com/2022/04/21/cia-coup-in-pakistan/s
After paying $4.70 a gallon for regular this morning (in North Texas, no less), my give a damn meter isn’t able to budge off zero.
Just like Brandon is stoking conflict with Russia using Ukraine as his proxy. The news has been flooded with news about this distraction from our crisis at home.
LOL, the “/sarc” tag knocked me over with a feather!
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