Pakistan Crisis News: No job, no food… No one wants to live in Pakistan? Last year 8 lakh people left the poor country – many Pakistani left country last year for better opportunity due to inflation lack of jobs economic crisis
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Last year’s terrible floods in Pakistan increased inflation and poverty manifold. Presently Pakistan is ‘on its knees’. If reports are to be believed, it has enough foreign reserves left for less than a month. Pakistan has always spent more on imports than it earned from exports. Even though Pakistan is a cotton producing country, its textile industry is quite underdeveloped. The Guardian writes in its report, ‘Unlike neighboring India, Pakistan’s IT sector has also not developed.’
Governments of Pakistan distributed subsidy
One-third of Pakistan’s 230 million population is under the age of 14. Pakistan is a country with one of the highest rates of population growth in the world but it has not been able to generate enough jobs. The successive governments in neighboring countries gave huge subsidies on fuel, water and electricity and without funds. But his attention never went towards good education, alternative energy or population control.
Pakistan Bankrupt: Bankrupt Pakistan, why good news for India
Pakistanis forced to leave their own country
The tax base in Pakistan is one of the lowest in the world. The world’s sixth largest army further increases the lack of resources in the country. London-based Pakistani writer Moni Mohsin wrote in her article for The Guardian, ‘The government, which is struggling with foreign exchange crisis, has banned imports. Along with rising costs, it has shut down many businesses in Pakistan and millions of people have lost their jobs. Employment crisis and high prices of food items like flour, onion and oil are forcing Pakistanis to leave the country.
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