Highlights
- Biggest fall in inflation rate in 13 years
- Pakistan’s bad policies are responsible for the pauper
- reached the extent of selling government properties for money
Pakistan News: Along with India, Pakistan is also completing 75 years of its independence. Pakistan is certainly celebrating 75 years, but it does not have any special reason to celebrate. The inflation of the people there has broken the back. The foreign exchange reserves have become so low that in the condition of pauper, he is seen joining hands in front of Arab countries and international banks with a bowl. The situation is that whether Imran Khan has been the PM or the current Prime Minister is Shahbaz Sharif, Pakistan has gone into the abyss in every term. Arab countries refused to give loan to Shahbaz Sharif, only then General Bajwa of Pakistan himself pleaded for help, but he also got empty assurances. So far, the country is worried about the condition of the pauper, back-breaking inflation and falling foreign exchange reserves. The condition is that its economy is running on debt.
Biggest fall in inflation rate in 13 years
Latest figures show that Pakistan’s foreign exchange reserves have fallen by more than $2 billion. The important thing is that the foreign exchange reserves have gone below the level of $ 14 billion in the first week of August. Inflation has also recorded the biggest decline in 13 years. In June this year, the inflation rate had reached 21.3 percent. Earlier in December 2008, the inflation rate in Pakistan was 23.3%. At present, Pakistan is facing a trade deficit of $39.58 billion. The situation is such that foreign exchange is running out. But import bills have increased.
What are the factors responsible for the poor condition of Pakistan?
Poor policies of Pakistan and filling the bags of ‘own’ and ‘own’ people by the rulers instead of taking the country along, political instability and determination of power by military power instead of democracy, these are the important reasons which have led Pakistan to the path of ruin. carried on. Since independence, not a single government in Pakistan has completed its five-year term. This proves that terrorists find refuge in this country. But with stability, development, economic progress, all this gets left behind.
Outcry due to backbreaking inflation in Pakistan
The price of inflation in Pakistan can be gauged from the fact that at present Rs 248 has to be paid for one liter of petrol there. At the same time, the price of diesel is Rs 263 per liter.
Pakistan’s eyes are on the Monetary Fund
The eyes of pauper Pakistan are on the International Monetary Fund (IMF). Pakistan hopes that there will be an aid of US $ 1.1 billion, but this package will also be available only if it meets its conditions. It is also becoming difficult for Pakistanis to fulfill these conditions.
reached the extent of selling government properties for money
Sensing the danger of becoming pauper, the Federal Cabinet of Pakistan has recently approved the bill, in which government properties can now be sold to other countries. In this bill, a provision has been made to sell government properties in other countries by going beyond all the prescribed procedure and other necessary rules. This decision has been taken to avoid the danger of bankruptcy of the country. According to the information, a provision has been made in this bill that even if a petition is filed against the sale of a share of the government’s assets to other countries, the court will not be able to hear it.
Pak economist has given warning
Atif Mian, the top economist of Pakistani origin, gave a big warning about the situation in the country in recent times. He said that the situation is going to worsen after the fall in the value of Pakistani Rupee. He said that the Pakistani rupee fell 20 percent against the dollar. He said that the biggest challenge before Pakistan is to bring back the investors and the public with credibility. He has written that Pakistan, dependent on the mercy of foreigners, has lost everything. Amidst efforts by governments to save power or create an economic crisis before the new government, economists are saying that the political class is the biggest participant in this sin. In the country, from energy to medicines and even essential food grains, foreign exchange has to be called from outside.
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