pakistan puts all its energy on increasing tension with india instead of strengthening its economy. Whatever money it gets from IMF or other global agencies for the welfare of its people, it spends it on spreading propaganda against India. This is the reason why Pakistan's financial condition is not improving despite many efforts. The government itself is confirming this. The current Shahbaz government there has admitted that the target of Pakistan's GDP growth, which was set at 3.6 percent, may now come down to 2.7 percent in the financial year ending in june 2025. However, last year this growth rate was 2.5 percent.
GDP will be less than expected
This information was given by the pakistan government in the economic survey on Monday, a day before the federal budget there. The government there had set a GDP growth target of 3.6 percent, which was reduced to 2.7 percent last month. The IMF had estimated GDP growth at 2.6 percent for the financial year 2025 and 3.6 percent for the financial year 2026.
No benefit in taking steps
All efforts are being made by the pakistan government to speed up its deteriorating economy. The Central bank of pakistan had cut the policy interest rate by more than 100 basis points in the current financial year to increase the economic pace. After the recent cut, it has reached 11 percent, which had earlier come down to 22 percent. It is worth noting that pakistan is continuously increasing its defense expenditure rapidly. On the one hand, while the poverty rate has increased significantly there, on the other hand, a recent report said that more than one crore population in pakistan can reach below the poverty line this year.
In such a situation, pakistan, which is going through a period of poverty, should focus all its strength on its sinking economy, but instead of doing so, it keeps on plotting against India. According to a report, pakistan has said that its total debt will reach 76,007 billion Pakistani rupees i.e. 76 trillion by 31 march 2025. This is the highest debt ever in history. This debt of pakistan has doubled in the last four years.
click and follow Indiaherald WhatsApp channel