Pakistan is currently facing an extreme economic crisis. Here the rate of inflation has reached 27 percent as compared to the last 47 years and it is expected to increase further. The International Monetary Fund (IMF) has warned against this.
The IMF has said, "Rise in the price of food and fuel can lead to public protests in the country, which has the potential to create instability." The News has given this information by quoting the released executive summary of the IMF's seventh and eighth reviews under the Extended Fund Facility (EFF).
The News said in its report, that given the kind of environment in the country at this time, the risk of implementing a new scheme is high. This could make things worse.
It said, "The ongoing war in Ukraine has increased the prices of food and fuel and the current global financial situation is also going to put pressure on Pakistan's economy, which will stabilize the exchange rate and financial relations with other countries." There will be trouble in keeping it too.
The IMF said, "In addition to the risks of protests, increased socio-political pressure is also expected, which may affect the implementation of policy and reform arrangements." Especially given the weak political alliance here and their low majority in Parliament, its possibilities are more visible.
According to the IMF, as a result of all this, policy decisions can be affected, there may be difficulties in the formulation of strategies related to the economy, and there is also a possibility of increasing credit instability.
It is known that Pakistan is currently facing the havoc of floods. Meanwhile, the Executive Board of the International Monetary Fund (IMF) has approved the revival of Pakistan's Extended Fund Facility (EFF) program.
Under this, the 7th and 8th installments of USD 1.17 billion (over 9300 crores) will be released to the country. This is nothing less than relief for Pakistan at this time.
Three policemen have been suspended in a major lapse in the security of Prime Minister Narendra M
Tamil Nadu Chief Minister MK Stalin on Wednesday launched a major attack on the central governmen
New Dhansu phone launched for just 10 thousand rupees, will get a 50MP camera and 13GB RAM
Amazon Deal On Smartphone: Another phone has been launched in the segment of 10 thousand, the Tec
The attacks and counter-attacks have intensified on another front in West Asia, which is sufferin
For the last 15 months, Israel and Hamas agreed to stop the conflict going on in the Gaza Strip.
Tapas Unmanned Aerial Vehicle (UAV) has completed 18 hours of flight testing. It has been designe
India captain Hardik Pandya has given a message to the team in the T20 series on the New Zealand
Prime Minister Narendra Modi's visit to Norway, Croatia, and the Netherlands has been postponed.
The winter of the national capital Delhi has now started coming into its own. Gradually the feeli
India defeated England by 106 runs on Monday, the fourth day of the second Test match played in V
