Pakistan Crisis: Pakistan is on the way to Sri Lanka, a country facing an economic crisis; Unemployment and debt a big problem

Posted on 2nd Nov 2022 10:40 am by rohit kumar

Pakistan, trapped in an economic crisis, is also slowly moving forward on the path of becoming Sri Lanka. The economy of Pakistan is like a ticking time bomb. Sri Lanka's economic crisis has now also affected Pakistan, whose economy is facing similar challenges.

 

Pakistan has a huge amount of debt

Writing in the Daily Parliament Times, Muhammad Hamza Qamar said that Pakistan has a large amount of debt, high inflation, an increase in unemployment, and many other macroeconomic problems which reflect the many challenges facing the country.

 

Imports of essential goods, limited foreign exchange sources, restrictions on free trade, and accumulated foreign debt are many other alarming parallels between Sri Lanka and Pakistan.

 

$46 billion received from China for CPEC construction

As part of its sovereign guarantee, Pakistan received USD 46 billion (now USD 55 billion) from China for the construction of the China-Pakistan Economic Corridor (CPEC).

 

Qamar affirmed that the equity portion of these investments was guaranteed returns at a rate of 17–20 percent in dollar terms, with a debt-equity ratio between 80 and 20%.

 

In less than 26 months, China will recoup its investment and will continue to do so for Pakistan for the next 25 years. According to the Daily Parliament Times, such a high cost can cripple the country's economy.

 

Also Read: A statement from America increased the beating of Pakistan, and China, then took India head-to-head

Other news

Bloody Daddy Review: Shahid Kapoor's 'Bloody Avatar' in the role of father, will say - 'Father of action'

Shahid Kapoor made his digital debut this year with the web series 'Farzi'. He was appreciated a

Mahavatar Narsimha Collection: Mahavatar Narsimha's name resounded all over the world, and the earnings on the 17th day were historic

Currently, if any film is getting a tremendous response in theatres, then it is South Cinema's my

CJI said- Shut up, leave the court right now: Said- You cannot scare us, the matter of seeking listing of the petition in the Supreme Court

Chief Justice of India Justice DY Chandrachud got angry over the listing of an application in the

Turkiye Earthquake: More than 25 million were sick in Turkey and Syria after the earthquake, rescue operations completed

A convoy of 14 trucks from Medecins Sans Frontieres (MSF), a free medical aid organization, has e

Why is International Harry Potter Day celebrated, know who started it?

Everyone remembers the Harry Potter film and TV series. It had many parts and each part

Himachal Rain: Terrible scene in Kullu, three buildings collapsed like cards; Watch the havoc of the disaster in the video

Heavy Rain in Himachal: The rain has created a ruckus in Himachal Pradesh. It has been raining co

MEA: These important agreements were signed during the Foreign Minister's visit to Russia, know why the Kudankulam Nuclear Power Plant is important

Indian Foreign Minister Dr. S. Jaishankar's visit to Russia has been completed. Many important ag

Delhi Water Crisis: In many areas of Delhi, power is more powerful than thirst. When the tanker arrives, people start drawing water by inserting pipes.

In the scorching heat, the water fight has increased in the national capital. There are still man

Virat Kohli danced fiercely on 'Natu-Natu song' in the first ODI, fans said- 'Perfect step Kohli bhai'

From the cricket field to the political corridors, the superhit song Naatu-Naatu of RRR film is r

USA: India's role will increase at the international level, US government claims - G20 chairmanship will be beneficial

A senior US government official says that India's role at the global level will increase in the c