Pakistan Economic Crisis: Poor Pakistan is taking its last breaths! Imf may not give bailout to Pakistan high inflation companies shut down dark future
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Pakistani Defense Minister’s statement has created a stir all over Pakistan and people are getting more worried now. The crisis in Pakistan has now become so severe that many big companies have announced that they will stop their operations in Pakistan. The reason behind this announcement is the huge shortage of raw material and foreign exchange reserves. According to media reports, Maruti Suzuki has closed its plant on February 21 due to shortage of parts.
Milk in 250, Chicken in 780
The current crisis is resembling the Pakistani crisis of 1971, when the neighboring country lost a war against India. Bangladesh came into existence in the same year. The people of Pakistan who are suffering the most in all this are facing shortages due to skyrocketing inflation. In Pakistan, milk is being sold at Rs 250/litre and chicken at Rs 780/kg. IMF has suggested Pakistan to impose tax on the rich to save the starving poor amid economic crisis.
Pakistan Bankrupt: Bankrupt Pakistan, why good news for India
question mark on future
Stampede for flour has been seen before in Pakistan. Analysts predict that soon such a situation may arise for petroleum and other basic commodities as well. The prices of petrol and diesel will also affect agriculture. The Shahbaz government has already stopped the import of luxury goods. Last week, Pakistan’s foreign exchange reserves went up to about $3.19 billion. It is being claimed that it will not last more than two weeks. The present crisis questions the future of Pakistan, what will happen next?
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