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Pakistan Economy: Everyone is aware of the economic condition of the neighboring country Sri Lanka, similar is the condition of Pakistan. Pakistan’s economy is getting worse day by day. People are not getting even basic facilities and even if they are getting then the cost is high. In some places, the cost of an LPG cylinder is close to Rs 10,000.
The time has come to close down many marriage halls, markets and some other businesses. It has also affected people’s jobs. There are also problems in giving salary and pension. To overcome the power crisis, the meeting is being held in daylight. Let us understand that Pakistan is passing through such a bad condition.
severe shortage of foreign exchange
Pakistan is facing the worst economic crisis as there is huge shortage of its foreign exchange reserves. Pakistan’s currency reserves have declined by US$ 6.7 billion. Meanwhile, China has also reduced its investment in the country, due to which cooperation has also decreased. The politics of the country is also faltering, which has affected the economy of the country.
Markets are closing early to save electricity
The economic crisis in Pakistan can also be gauged from the fact that in order to save electricity, the Government of Pakistan has ordered the closure of malls and markets by 8:30 pm. Along with this, marriage halls and restaurants have also been asked to close early by 10 pm. This step will save cash of about 62 billion Pakistani rupees ($ 273 million) in the country.
Prohibition on production of bulbs and fans
The energy conservation plan has been approved by the Defense Ministry of Pakistan. Under this, various measures have been taken to save electricity. Under this scheme, a ban has also been imposed on the production of energy-inefficient bulbs and fans from February and July. To save electricity, it has been said by the ministry that all government meetings will be held during the day. Street lights have been turned off.
forced to carry gas in plastic bags
Al Arabiya Post states that amidst the energy crisis, people in the country’s northwestern region ie Khyber Pakhtunkhwa province are hoarding gas cylinders. Also in a video people are using plastic bags to fill their LPG cylinders. Due to shortage in LPG supply, people of many cities like Hangu have been living without gas for some time now. At the same time, according to media reports, in some places the cost of a commercial gas cylinder in Pakistan is Rs 10,000.
Pakistan is not even able to pay salary
Employees in Pakistan are also not getting their salaries on time. The worst condition is of the railway sector. Railway has not been able to give gratuity to the retired employees, which is around 25 billion rupees. Not only this, there is not enough money to pay salary. Salary and pension of these employees are also not being received on time. Food inflation rose 35.5 percent year-on-year, while transport prices in Pakistan rose 41.2 percent in December.
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