Economic Crisis In Pakistan: The economic condition of Pakistan is getting worse day by day. In such a situation, where the people of Pakistan are facing high inflation, on the other hand, a minister of Pakistan has revealed the big truth of the country.
In fact, Pakistan’s Defense Minister Khawaja Asif said in the program of international journalists that there is no fund left with the Ministry of Finance to conduct elections. He said that since November last year we are facing economic crisis.
economic crisis in pakistan
Defense Minister Khawaja Asif said Pakistan is awaiting $1.1 billion in funds from the Washington-based global lender. It was supposed to be delivered in November last year. He said that we are struggling with weak local currency and gradually depleting foreign exchange reserves.
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Pakistan is waiting for IMF fund
Let us tell you that Pakistan has implemented many policy measures like increased taxes, raising subsidies, high energy prices, devaluation of rupee and 25 years highest interest rate hike to unlock IMF funds. Even after doing all this, the IMF has not yet issued a loan to Pakistan.
The statement came after the decision of the Election Commission
Remember, this statement of Pakistan’s Defense Minister Khwaja Asif has come at a time when the Election Commission of Pakistan has ordered to postpone the provincial elections to be held in Pakistani Punjab.
PM Shahbaz Sharif made a big announcement
Recently, Prime Minister of Pakistan Shehbaz Sharif had announced that now customers will be charged more money for fuel. The money collected will be used to subsidize the poor people of the country, who have been badly affected by inflation.
Inflation may increase further in Ramadan
Problems have increased for the people of Pakistan regarding Ramadan. In fact, inflation in Pakistan is at its highest level since 1974. In such a situation, in the midst of skyrocketing inflation, it is expected to increase further in the month of Ramadan. In such a situation, most of the people of Pakistan are not able to feed their children even for three times.
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Source: www.dnpindiahindi.in”