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.
Amidst rumours of the alleged divorce of social media influencer and choreographer Dhanashree Ver
On the first anniversary of the Ukraine war, fears of a resumption of the nuclear arms race betwe
Work From Home: On Tuesday (July 19), some guidelines related to working from home have been issu
Petrol and diesel sales in the country registered double-digit growth in November as compared to
Gautam Gambhir: Gautam Gambhir lashed out at Team India, told this lack of Kohli and company
Gautam Gambhir On Team India: Team India is on the target of cricket fans after losing to New Zea
Know- America has turned its eyes and warned about which Iranian weapon is being used in Ukraine
Tensions between the US and Iran are visible after the disclosure of the secret nexus between Rus
Before the first phase of voting in Gujarat on December 1, Union Home Minister Amit Shah strongly
A 22-year-old man, who allegedly threatened to kill Prime Minister Narendra Modi over phone calls
Rohit Sharma equals MS Dhoni's record for most wins in T20I as Indian Captain: Indian captain Roh
Indraprastha Gas Limited (IGL), the company supplying natural gas, has provided a major assurance
