The economic condition of Pakistan has always been bad, but according to the cramped situation in which it has reached now, it would be okay to change the name of the country to Kangalistan. Sometimes Saudi is asking for its money from the debt-ridden Pakistan and sometimes UAE. To repay a loan, he has to take a second loan. The situation has become so bad that Imran Khan, who came to power with the promise of creating a 'new Pakistan', has confessed that the country is no longer in a position to take loans.
After increasing the price of petroleum products in Pakistan, Imran Khan has said that the burden of the increase in oil prices had to be passed on to the customers to save the country from further debt burden. In an interview given to a private television, the country cannot take more loans to keep petroleum prices low.
The depreciating value of the Pakistani rupee
Imran Khan also admitted that during his tenure the value of Pakistani currency has come down drastically. Imran Khan said that petroleum products, pulses, ghee, and other commodities imported have become expensive due to the fall in the value of the rupee. Imran said, "In the current government, the value of the dollar has increased from Rs. 107 to Rs. 160, this has also increased the prices."
Conflict everywhere due to debt
Pakistan is facing recurrence at the international level due to debt. Recently one of his leased aircraft in Malaysia has been seized due to non-payment of fare. Recently, Saudi Arabia demanded a loan from him and then had to repay it by borrowing from China. Now the UAE is also asking to repay the loan early.
Pakistan is unable to buy vaccine
Pakistan's condition is so bad that it is unable to buy the corona vaccine to save the lives of the people. He is waiting for a free vaccine for 20 percent of the population under the Covax program, while in the meantime he also spread his hand in front of China, but the dragon also did not miss his chance of insult and dashed off by giving only 5 lakh doses.
How much is Pakistan's debt?
Imran Khan came to power with the promise of changing the fate of Pakistan but he only increased the burden of debt on the forehead of the country. The Pakistani government, led by Imran Khan, took a loan of Rs 7.5 lakh crore between the first year of its tenure (August 2018-August 2019), setting a record in taking loans. According to the State Bank of Pakistan, as of June 2019, Pakistan's total foreign debt was 31.786 trillion Pakistani rupees. According to a report in June 2020, Pakistan's total foreign debt has increased to 106.8 percent of its GDP.
The month of November is about to begin. In this new month, many big changes related to your ever
Dr. Vikas Divyakirti, the owner of Delhi's renowned coaching institute, Drishti IAS, broke his si
PM Modi in Italy: PM Modi arrives at the G20 summit, welcomed by the Prime Minister of Italy
PM Modi Italy Visit, Prime Minister Narendra Modi, who visited Italy to attend the 16th G20 summi
For the first time after her divorce with Indian cricketer Yuzvendra Chahal, YouTuber-dancer and
Chaos at singer Babbu Maan's show, people threw chairs and bottles; police resorted to lathi-charge
During Babbu Maan's live show which was going on after the Kabaddi Cup held in Baddowal area on S
West Bengal SSC recruitment scam accused Partha Chatterjee has been stripped of his ministerial p
Indian students stranded in Iran amid Israel-Iran tensions returned to India on Thursday morning.
Mumbai
Maharashtra cabinet minister and NCP spokesperson Nawab Malik has m
Due to the continuous increase in air pollution, the air is becoming increasingly toxic in Delhi
After the defeat from Pakistan, the eyes of Team India are now fixed on the match to be played ag
