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.
From the cricket field to the political corridors, the superhit song Naatu-Naatu of RRR film is r
Strong tremors of earthquake were felt in India, China, and Nepal late Tuesday at 1.57 pm. Their
The flow of Yamuna is continuously decreasing. Now the water level has come down to 208 meters, b
IPL 2024 Auction: 'Whatever Dhoni asked for, we bought it', CSK CEO reacted after the auction
Chennai Super Kings: Chennai Super Kings team always comes with a clear strategy in the IPL aucti
A dead body of a girl was found on the Eastern Peripheral Highway in Greater Noida, Uttar Pradesh
MS Dhoni: Bad news for young players! After Sachin Tendulkar, BCCI took a big step in honor of Dhoni
The Board of Control for Cricket in India (BCCI) has retired the number seven (7) jersey in honor
Large-scale layoffs are taking place in all the companies of the world. This series started on Tw
'Wow Modi ji', how Bill Gates was shocked after seeing Namo app; Special conversation with PM Modi
PM Modi Bill Gates conversation PM Narendra Modi and Bill Gates, who is included in the list of t
Prime Minister Modi, citing his visit to South India during the fast observed before the consecra
Political parties may not be clear yet on the issue of connecting migrant voters with the process