Pakistan Economic Crisis: Former Prime Minister Imran Khan said that Pakistanis are paying a heavy price for the conspiracy hatched to change power. Imran on Thursday launched a fresh attack on former army chief Qamar Javed Bajwa, accusing him of helping many criminals come to power.
The chairman of the Pakistan Tehreek-e-Insaf Party (PTI) accused the Pakistani rupee of strangulation and said that this would increase the public debt and result in backbreaking inflation reaching new highs. On the other hand, the Pakistani rupee fell by Rs 18.74 against the dollar in the international market on Thursday.
Analysts blamed the Pakistan government's standoff with the International Monetary Fund (IMF) for the record decline.
Court orders release of former pro-Imran general
The District and Sessions Court of Islamabad dropped the charges against Lt Gen (retd) Amjad Shoaib, a supporter of Imran, and ordered the police to release him. Amjad was arrested by the Islamabad Police on Monday and produced before the court after the expiry of his three-day custody. Amjad was accused of inciting people against national institutions.
10 lakh workers will be employed in Pakistan
The heat of the economic crisis prevailing in Pakistan is slowly spreading to every part of the country. Now such apprehensions are being raised that many industries in Pakistan are going to lay off their employees. The retrenchment is likely to have a greater impact on the textile sector. According to news outlet The News International, Pakistan's textile exports declined by 14.8 percent.
Nasir Mansoor, general secretary of the National Trade Union Federation Pakistan (NTUF), expressed apprehension that around one million informal workers in Pakistan would become jobless. Most of these workers are related to the textile sector. In such a situation, the crisis can deepen even more.
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