Pakistan: Pakistan facing double crisis, citizens on the road amid economic recession and political instability!
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Pakistan: There is an economic crisis in Pakistan. Many people there are fighting with hunger. In such a situation, many pictures related to the economic situation there used to go viral on social media. Now the political situation of the country is also getting worse. Now in such a situation, when Pakistan is moving from one crisis to another, it has happened very rarely in the country’s post-independence history when the citizens of the country have taken to the streets to protest against the economic and political slowdown.
Economic crisis reached the highest level of 48 years
The situation is that the economic crisis in Pakistan has reached its highest level in 48 years. The world’s fifth most populous country is no longer even in a position to repay the loan. Now the situation of other developing economies including Sri Lanka and Venezuela is being created in Pakistan. At present, the foreign exchange reserves in Pakistan are covering less than a month’s imports. Billions of rupees have been damaged due to the devastating floods in the country. Since then the situation is getting worse and worse.
Negotiations for relief amount from the International Monetary Fund could not be successful
According to the latest information received, this week’s talks for Pakistan’s relief amount from the International Monetary Fund have not been successful, but further efforts can be made. But it is certain that Pakistan will not get any immediate relief. However, the amount on the table as part of the $6.5 billion loan program is still not enough to fill Pakistan’s empty coffers.
The fight between PM Sharif’s government and former leader Imran Khan
The fight between Prime Minister Shahbaz Sharif’s government and former leader Imran Khan has divided the country in two. National elections expected in the second half of 2023 could mess things up. A recent suicide bombing in the city of Peshawar killed more than 100 people, highlighting the risks of Islamabad’s continued ties with the Taliban, who have tightened their control in neighboring Afghanistan.
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