Pakistan Army Crisis: There is no money even to show power in the parade ground, now the Pakistani army is hit by pauperism
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People familiar with developments in the Pakistan Army said that this time the parade would be held at the Rashtrapati Bhavan instead of the Shakarparian Parade Ground due to the economic crisis. He further said that this decision has been taken as part of the ‘expenditure-cutting’ campaign announced by Pakistan Prime Minister Shehbaz Sharif. Pakistan is currently facing pressure from the International Monetary Fund to reduce defense expenditure.
Finance Minister said – Inherited crisis
The neighboring country is passing through its worst phase since its existence. It is currently in the middle of talks with the IMF to revive the stalled loan programme. On Thursday, Pakistan’s Finance Minister Ishaq Dar said that a staff-level agreement with the IMF could be held in the next two days. Addressing a seminar in Islamabad, the Finance Minister said that the present government has ‘inherited’ the economic crisis. The government is taking steps for the economic reforms of the country.
Pakistan Economic Crisis: Pakistan’s army does not have money to eat
Advice to follow the path of India
Experts advise that Pakistan will have to restructure its economy like India. Just like India did in the 1990s. The Pakistani newspaper’s editorial has warned that if Pakistan does not follow India’s model, then the coming days will become more difficult for it. Earlier also Pakistani businessmen and people have talked about starting trade with India to improve the economy.
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