The sweetness of sugar has become bitter in Pakistan, the price has crossed 200 PKR, now the government is taking this action
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sugar import in pakistanThe condition of Pakistan is getting worse. On the one hand there is a political upheaval going on. At the same time, the public is also worried about inflation. According to the reports, this is the biggest economic crisis for the country in the last 75 years. It is being told that the people there now have to pay a hefty amount for sugar as well. The price of sugar in Pakistan has reached 220 PKR per kg. Presently the Punjab Food Department is having carryover surplus stock of about 1 million metric tonnes of sugar. But then the experts are showing the possibility of a possible sugar crisis in the country in the coming days. In such a situation, now the Government of Pakistan is thinking of importing sugar to control the prices.
Importing sugar will not be easy
The operators of sugar mills in Pakistan surrounded by economic and political crisis had said that they have abundant sugar reserves. But, now he has retracted his words. In such a situation, to curb the rising prices, the government decided that it would import 1 million metric tonnes of sugar. But, it is also disturbing that the business of any country is done in dollars. But, the country is short of dollars. International Monetary Fund (IMF) was a support to Pakistan to meet the shortage of dollars. Seeing the economic condition of the country, even the international institutions refused to give loans. According to Pakistani media, the government will import sugar at the rate of 220 Pakistan rupees per kg. It simply means that the public will still have to pay a hefty amount for this.
People will be further burdened by the burden of inflation
According to the Pakistani media, the people of the country are already under the brunt of inflation. This month people have also got a big shock of expensive electricity bill. Violent demonstrations have also taken place in this regard. In such a situation, the only option is to use the surplus stock by the Government of Pakistan. In the month of May, the inflation rate here has reached 38 percent. This is the highest for the country after independence. For information, let us tell you that since the year 1957, inflation figures have been kept in Pakistan. On the other hand, according to the information that has come out, the inflation rate has increased due to the continuous increase in the prices of food grains. The situation has become even worse for Pakistan because all the ways of getting loans from the International Monetary Fund have also been closed.
Pakistan became the most expensive country in Asia
The situation has become so bad for Pakistan that now it has become the most inflationary country. Before Pakistan, Sri Lanka was the country with the highest inflation rate in Asia, but now Pakistan has overtaken that too. While inflation is increasing rapidly in Pakistan, on the other hand, in Sri Lanka, the inflation rate is coming down very fast in the last 8 months. The inflation rate in Sri Lanka was recorded at 25.2 percent in the month of May, which was recorded at 35.3 percent in the month of April. Let us tell you that after being denied a loan from the IMF, like Sri Lanka, Pakistan is also in danger of defaulting.
IMF refused to give loan
Shahbaz Sharif appealed to the International Monetary Fund, which was rejected. Shahbaz Sharif had also requested for a loan which has been turned down. If experts are to be believed, Pakistan has no other option but to appeal to the IMF once again. For information, let us tell you that in the month of May last year, the inflation rate in Pakistan was recorded at 13.76 percent, but now it has reached its highest level. The Shahbaz government in Pakistan had appointed the new Finance Minister Ishaq Dar because, he hoped that Dar would be successful in stopping the rising inflation and would also get a loan from the IMF. Dar failed miserably in both these tasks.
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