According to the Gulf News , the stagflation hits the poor and working class very hard , they key voter of the ruling party , Pakistan Peoples Party . The nationwide floods wiped out the 20 % of the economic infrastructure in the country and the economic development initiated by private sector was curbed to ~ 2.5 % , resulting the billion dollar worth of loss of private sector . In a less intensified nationalization programme , there was a massive hiring of unskilled and less-trained working class labour , on a political basis , which slowed down the technological productivity and halted the overall social , political , economical growth . Experts views this problem as this problem also reduced the Gillani 's government ability to earn adequate revenues foreign exchange , keeping fiscal and external balances perpetually under pressure
nationwide floods
2010 Pakistan floods
Periods of stagflation in Pakistan