Pakistan is helpless to press the burden of debt to escape from its plight. Pakistan is currently trying to get a loan of $ 7 billion from the International Monetary Fund in the name of its liabilities and necessary expenses and development. An important meeting in this regard is going to be held on August 29. Even before this, many things have been mentioned in the letter of intent given by Pakistan to the IMF.
The things mentioned in this letter will have a direct impact on the poor people of the country. In the coming time, inflation in Pakistan may increase further. The reason for this is that apart from the price of petrol, the government will also increase the tax burden on the common man. Not only this, the scheme for the poor will also be closed.
In this, it has been agreed to accept many conditions of the IMF, which in the coming times will have a direct burden on the common man there.
According to this, the government will increase the rate of petroleum development levy to Rs 50 per liter by next year. At present, it is Rs 20. Apart from this, Rs 10 is on high-speed diesel, kerosene, and light diesel oil.
It has been said in the LoI that it will be necessary for Pakistan to keep enough foreign exchange reserves with it so that it can import goods for about two months and pay its price.
Apart from this, the condition has also been agreed upon in which it has been said that this amount will not be used to support the exchange rate.
Under this letter, the government has already announced an increase of Rs 10 on petrol and Rs 5 on diesel from next month.
To comply with the conditions of the IMF, the government will also end the Ehsaas Ration concession program run for the poor people in the current financial year. With the end of this scheme, a large part of the country's population will be affected.
After June 2023, the government will also end the cheap fuel cheap diesel program. The government has also promised the IMF that it will maintain monetary and financial stability in the country.
Along with this, the Government of Pakistan has also promised that it will reduce the rising inflation in the country.
The government has also agreed to maintain foreign exchange reserves up to a certain limit.
According to the terms of the IMF, the government will reduce its expenditure and collect Rs 150 in the next two months through tax.
The border dispute between Karnataka and Maharashtra turned violent on Tuesday. Members of the Ka
On the second day of his Gujarat visit, Prime Minister Narendra Modi was honored in Ahmedabad. On
It is snowing heavily in Japan. 17 people have died in this. 93 people are said to be injured. Us
Chinese conspiracy behind Delhi AIIMS server hacking: personal data and 5 servers were breached
A new revelation has come to light in the Delhi AIIMS server hacking case. The officials probing
TFTI: Tripura Film and Television Institute inaugurated, the first batch from December
Tripura Chief Minister Manik Saha has inaugurated the Tripura Film and Television Institute (TFTI
The three-match ODI series between India and Bangladesh started on Sunday. In the first ODI, Bang
Nitin Desai: Art director Nitin Desai was found hanging in his studio, fear of suicide
Art Director Nitin Desai Committed Suicide: Nitin Desai, a well-known art director of Bollywood a
The rupee closes above 83 against the dollar for the first time, today fell by 61 paise
Dollar Vs Rupee: There is a continuous decline in the Indian Rupee. On Wednesday, the Indian rupe
US Shooting: Firing at Michigan State University in America, one killed; many people were injured
The incident of firing has come to the fore once again in America. According to the news agency R
Once again, the threat of cyclonic storm 'Biparjoy' is looming large in the coastal areas of the
