Pakistan again extended its hands to the IMF, which needs 40 billion dollars to run the country
Every citizen of Pakistan has a debt of more than Rs 2.5 lakh. In the last 10 years, 25 crore people have come out of the poverty line in India, and in these 10 years, poverty in Pakistan has increased by 38 percent. The World Bank has reported that 10 million new people have become victims of poverty in neighboring Pakistan, which has become poor.
Pakistan PM Shahbaz Sharif
Pakistan’s PM Shahbaz Sharif has once again asked for a loan from the IMF. Shahbaz Sharif had taken a loan of US $ 3 billion from IMF in June last year. Pakistan does not even have the money to pay the interest on the old IMF loan and Pakistan’s PM Shahbaz Sharif reached out to International Monetary Fund chief Kristalina Georgieva for another new loan.
Shahbaz Sharif requested a loan in the World Economic Forum (WEF) meeting being held in Riyadh. The IMF chief also attended the WEF meeting. Shahbaz Sharif started asking for a new loan from the IMF Chief during the WEF meeting, but IMF Chief Kristalina Georgieva showed Shahbaz a mirror right there. IMF Chief Kristalina Georgieva said in the World Economic Forum meeting that the people of Pakistan are in trouble.
Pakistan’s debt reaches 39 Khabar dollars
If anything is discussed the most in Pakistan today, it is debt. Pakistani media says that internal debt has become a big issue in their country. The debt has reached 39 trillion dollars. It is being said that if the Sharif government remains in power for five years, the debt may reach 100 trillion dollars. In such a situation, the Pakistani government cannot even pay the interest in full. If inflation is the highest in Asia, it is in Pakistan.
Not only is Pakistan indebted to the IMF, but it is also getting buried under the debts of many countries including China and Saudi Arabia. China’s debt is up to its neck. Inflation has reached its peak across the country. The situation has become such that people have to struggle for two square meals a day.
20 kg flour in Pakistan costs Rs 2900
The neighbor who supplies terror is yearning for the supply of flour. Because there is looting for flour in Pakistan. Slaughter is taking place for the government flour which is available at a subsidized rate and 20 kg flour is available in the market for Rs 2900. There is an uproar in Peshawar, Karachi, and Multan for every sack of flour and grain of wheat. A few days ago, the world heard the news of looting and murder for flour in Pakistan, but the situation has still not improved.
According to Pakistani media reports, the price of 20 kg flour in the country is Rs 2900. The current inflation in Pakistan. It has never been like this in 70 years. The inflation rate in Pakistan is more than 46 percent. Today, the people of Pakistan are asking their government to give the example of India and how there is such a difference in the conditions of two neighbors who got independence together that today flour is being sold at Rs 170 per kg in Pakistan and Rs 30 per kg in India.
Pakistan needs 40 billion US dollars in 2024
Pakistan, which is struggling with the financial crisis, is sinking under the pressure of huge debt. According to the report of Business Record, Pakistan is included in the list of 15 countries globally which are trapped in the maze of huge debt. Pakistan needs 40 billion US dollars to run the country in 2024. The reality is that Pakistan has to pay the loan installment of 30 billion dollars including interest this year.