Pakistan Crisis: Why did so much misery come?
Pakistan is facing a severe economic crisis. The condition of pakistan is getting worse and more alarming. pakistan is not only facing economic crisis, but the political uncertainty there is pushing the future of the country in balance. pakistan is pleading for help from the international Monetary Fund (IMF), but the global body is repeatedly giving shocks.
Pakistan is urging the IMF to try to solve Pakistan's economic crisis in a liberal way. The staff-level agreement with the global lender to secure a bailout package worth over one billion is being delayed.
How bad is pakistan becoming?
Pakistan is badly stuck in the quagmire of China's debt. Pakistan's foreign exchange reserves are getting depleted. pakistan inflation is at its peak level. The shortage of everything from onions to flour is increasing in Pakistan. pakistan is standing on the brink of economic disaster. At the same time, the prices of petrol and diesel are also on the sky.
There was a catastrophic flood in pakistan in june 2022. The entire plains of pakistan was submerged. More than 33 crore people were affected due to floods in Pakistan. During june to October, the situation had become so bad that most of the godowns there were submerged. Food crisis had arisen in Pakistan. One of the major reasons for the economic plight of pakistan is also considered to be the devastating floods there.
