Condition of pakistan is very bad..!? Only 3 months left..!?

Not only is the condition of India's neighbor pakistan deteriorating day by day, but essential services for the people are also being restricted. As a result, the country's economy and people are in a difficult situation. According to the information released by the state bank of pakistan, the country's central bank, the country's foreign exchange reserves have decreased to the lowest level in 8 years. The government of pakistan and the central bank are making efforts to boost the country's economy, but it has been pushed to a bad place. The foreign exchange reserves of the state bank of pakistan (SBP), Pakistan's central bank, fell to $5.576 billion in the last week ended december 2022. In january 2022, it was $16.6 billion, which means that Pakistan's foreign exchange reserves have decreased by $11 billion in 2022 alone. According to the country's newspaper Dawn, an amount of 245 million dollars has been paid for the loan.
With Pakistan's foreign exchange reserves continuing to decline, the country is forced to default on its friendly loans in the coming period. This is creating a new crisis for the government of Pakistan. Like India, pakistan is importing crude oil, gas, and many food items from abroad. pakistan government has already ordered to close all the shops and malls by 8 o'clock due to electricity shortage. Due to the shortage of crude oil, not only the electricity shortage, but pakistan has also stopped the rail transport services since December. In particular, the transportation of goods has stopped. In this situation, the current foreign exchange reserves of pakistan are only sufficient for 3 weeks of imports. What will pakistan do after 3 weeks due to this..? The question has arisen. The government of pakistan has requested the IMF to release the next loan installment under its loan program, but it has not yielded results even after many negotiations. Meanwhile, Finance minister Ishaq Dar expressed hope that pakistan will recover from the slump with the help of allies, but the signal is yet to come.Having already borrowed up to the neck from China, pakistan has no one to lend a hand. saudi arabia has helped pakistan in a big way before, will it help again..?

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pakistan condition is very bad

Sowmiya Sriram

10/01/2023 09:34 AM