Pakistan wants to sell Washington Embassy! Didn’t get money from IMF, got advice

[ad_1]

Islamabad : Pakistan, which was expecting a relief package of about $6 billion from the International Monetary Fund (IMF) in the period of historic pauperism, did not get money from the global institution, but instead the IMF gave it advice. While giving advice to Pakistan, this global organization said that it should act like a country. The IMF further said that Pakistan should ensure that high earners pay taxes and only the poor are given subsidies. He said that if Pakistan wants to function as a country, then it is necessary to do so. The shocking thing is that to raise money, Pakistan now wants to sell its embassy in Washington.

Subsidies to the poor, taxes imposed on the rich

IMF chief Kristalina Georgieva said in an interview with Deutsche Welle on the sidelines of the Munich Security Conference in Germany on Friday that Pakistan needs to take tough measures to avoid a “dangerous situation” where it needs to restructure the debt. Lie down According to a report in the newspaper Dawn, he said that the IMF wants to save the poor people of Pakistan, but the rich should not get the benefit of the subsidy. Subsidy should be given to the poor.

rich contribute to the economy

He said that the demands we are making are necessary to enable Pakistan to function as a country. He should avoid getting into such a dangerous situation where the loan needs to be restructured. He said that those who are earning good money in public or private sector should contribute to the economy.

3 weeks import balance

Let us tell you that Pakistan’s coffers, which are facing historical economic crisis, have become completely empty. For any country to buy goods from abroad, it is necessary to have a reserve of foreign exchange. At present, foreign exchange reserves with Pakistan are only 3 billion dollars i.e. about 25 thousand crore rupees. With this money, Pakistan can pay the import bill only for 3 weeks. In the month of February last year, it had foreign exchange reserves of about $ 16.7 billion, which has come down to the level of $ 3 billion in a year.

Washington Embassy wants to sell for money

There is also news that Pakistan also wants to sell the property of its embassy in Washington, so that some money can be raised by selling it. Along with this, marriage gardens, shopping malls, restaurants and markets are being closed soon in Pakistan, so that the consumption of petrol and diesel can be reduced. The biggest thing is that Pakistan’s general government debt has increased to about 78 percent of GDP in the year 2022, which was only 60 percent of GDP in the year 2017, five years ago. Apart from this, the total external debt of Pakistan is about 10 lakh crore rupees.

[ad_2]

Source link