Pakistan has been suffering from poverty for a long time, in the midst of which people have to face starvation. Along with this, Pakistan does not have enough money so that Pakistan can bring its imported goods from the ports.
The economic condition of Pakistan is continuously getting worse. Now the oil companies have also warned this country that their oil industry is now on the verge of collapse. Companies say that Pakistan does not have dollars left, so the value of its rupee is continuously falling. Due to which now industry crisis is also arising in his head.
Actually, the oil companies had sent a letter to the Prime Minister of Pakistan, Shahbaz Sharif, through which they told him that their oil industry would collapse badly in just a few days. Please tell that Shahbaz Sharif is waiting for the help from the International Monetary Fund ie IMF, but Pakistan does not see any help from the IMF.
This is the first time that Pakistan is going through such a huge oil crisis. Now the banning of petrol companies means that the remaining economy of Pakistan will also completely collapse and will be mixed in the soil.
Let us tell you that Pakistan has appealed to the IMF many times for its help, but the IMF has already taught it in clear words to make every possible effort to increase its government treasury instead of spending more. IMF has asked Pakistan to fulfill its instructions.
Pakistan’s foreign exchange reserves have come to the verge of ending fast.. Tell that Pakistan has paid the installment of its foreign debt just a few days ago. Because of which the country’s foreign reserves have remained close to $3.09.
Let us tell you that a team of IMF visited Pakistan a few days ago, which is conducting its 9th review meeting to include Pakistan in the $7 billion loan program. This team will talk to the Finance Minister of Pakistan and his team till February 9 to implement the conditions of this program. Inflation in Pakistan has increased even more after the implementation of IMF conditions. Due to which the Pakistani rupee has fallen a lot.
There has been an increase of 16% in the prices of petroleum products, while there has been an increase of 30% in the prices of cooking gas. Pakistani experts say that even though the IMF package may save Pakistan from default, it is not the solution to any of its problems. He said that this package is not a panacea, Pakistan needs very strong efforts to fix its economy.
This is how Pakistan can get out of its economic crisis – Former Chairman of Federal Board of Revenue of Pakistan Shabbar Zaidi said that the backbone of Pakistan’s economy has been broken. He suggested that Pakistan should declare a financial emergency for about 15 years and then during this time plans should be prepared for the welfare of the country and the poor. He also asked to cancel free trade agreements with other countries like China, Turkey, Indonesia.
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https://english.n27news.in/2023/02/heavy-shortage-of-oil-in-pakistancompanies-called-pm-shahbaz-a-fool/https://english.n27news.in /wp-content/uploads/2023/02/n27-53-1024x576.pnghttps://english.n27news.in /wp-content/uploads/2023/02/n27-53-150x150.pngN27 NewsInternationala fool!,Heavy shortage of oil in Pakistan…Companies called PM Shahbaz,n27news.inPakistan has been suffering from poverty for a long time, in the midst of which people have to face starvation. Along with this, Pakistan does not have enough money so that Pakistan can bring its imported goods from the ports.
The economic condition of Pakistan is continuously getting worse. Now...N27 NewsN27Adminenglish@n27news.inEditorN27 News
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