Inflation rises, household income falls amid policy failure: Miftah Ismail – Pakistan

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Miftah Ismail, Secretary General of the Awaam Pakistan Party, highlighted escalating economic challenges in Pakistan during a June 2026 event in Rawalpindi, citing rising inflation and stagnant household incomes as key concerns. “Due to wrong economic policies, inflation increases and average household income decreases,” Ismail stated, emphasizing the party’s commitment to reforming fiscal strategies to restore growth, according to a report by Dawn.

Why Pakistan’s Economic Challenges Persist

Pakistan’s economy has faced prolonged instability, with inflation reaching 12.3% in April 2023, according to the State Bank of Pakistan. Unemployment rates, particularly among youth, have exceeded 10% since 2021, per World Bank data. Ismail criticized the government’s approach, noting that “the governance system of the past 77 years has failed to address the problems of ordinary citizens,” as reported by Dawn.

Why Pakistan's Economic Challenges Persist

How Awaam Pakistan Aims to Address the Crisis

The Awaam Pakistan Party, founded in 2023, positions itself as an alternative to traditional political groups, promising to combat corruption and dynastic politics. Central Information Secretary Dr. Zafar Mirza stated the party prioritizes “positive political, economic, and democratic change,” with a focus on equal rights for minorities and marginalized communities. The party’s platform includes reforms to tax policies and public spending, though specifics remain under development.

What This Means for Pakistan’s Political Landscape

The emergence of Awaam Pakistan reflects growing public dissatisfaction with established parties. In 2023, the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) dominated elections, but smaller parties like Awaam Pakistan are gaining traction by addressing economic grievances. Analysts note that the party’s emphasis on transparency could resonate with voters seeking accountability, though its long-term impact remains uncertain.

Miftah Ismail on Pakistan’s Economic Crisis | Pre Budget Seminar at Iqra University (Part 1)

Key Takeaways From the Event

  • Miftah Ismail criticized current economic policies, linking them to rising inflation and declining incomes.
  • The Awaam Pakistan Party highlighted its focus on ending corruption and improving minority rights.
  • Central Vice President Chaudhry Inam Zafar praised the party’s leadership, citing trust in its vision.

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