Pakistan Crisis IMF: Pakistan did not get alms, crores of people will be unemployed and starvation will come, serious warning to PM Shahbaz – pakistan economic crisis news in hindi no cash for imports staring at unemployment food shortage

Islamabad: Talks have started once again between Pakistan and the International Monetary Fund. Meanwhile, experts have warned that even if Pakistan gets a loan from the IMF, its economic crisis is not going to end. On the other hand, many veteran businessmen of Pakistan have warned the Shahbaz government that if the ban on imports is not lifted, then crores of people will become unemployed. He has advised the government to allow the manufacturing related material to enter the country which has been lying at the port of Karachi for many months. Due to the unemployment of crores of people in Pakistan, a big crisis of starvation can arise in the country.

Thousands of containers are stranded at the ports of Pakistan, in which many essential goods are loaded. Pakistan is currently facing severe shortage of foreign exchange reserves. In view of this, many types of restrictions have been imposed on imports. Due to this, now the danger of unemployment has increased in Pakistan. Dollar reserves in Pakistan reached around $3 billion, which is the lowest since 1998. At present, the import of only essential goods like food grains and medicines has been approved in Pakistan.

It is believed that this ban will remain in place until the Government of Pakistan is not ready to beg the IMF for a loan. At the same time, IMF is imposing various conditions before giving bailout package to Pakistan. Actually, Pakistan has become used to drinking ghee by taking loan, that is why IMF is asking to impose tax of billions of rupees before giving loan. Meanwhile, the Pakistan government wanted to fool the IMF but its trick was caught. This is the reason why Pakistan has not yet been able to get the loan.

Due to the dollar crisis in Pakistan, many industries like steel, textile industry and pharmaceutical industry have almost stopped. Due to this thousands of factories have been locked. Due to this, a huge unemployment crisis has arisen in the country. Along with this, the economic crisis of Pakistan is also going to increase further. The steel industry is unable to get scrap metal, which has created a supply chain problem. Due to this there has been a huge increase in their price. People associated with this industry say that small factories have already closed down, now big companies are under threat.

Pakistan imports steel worth $150 million every month. At present the foreign exchange reserves in Pakistan have reached only $2.9 billion. Due to this only 3 weeks can be imported. Due to this, now there is a danger of stalling of the manufacturing industry as well which gives employment to a large number of people. The ongoing political instability in Pakistan has become a cause of havoc for the country’s economy. Inflation is at its peak in Pakistan and the rupee has also reached an abyss. In Pakistan, 35 million people work in the textile industry, but even that has not been approved for import. People are losing their jobs due to this.