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Economic Crisis in Pakistan: The condition of India’s neighboring country Sri Lanka had become very bad in the year 2022 and the whole country had become poor. Now the situation like Sri Lanka is visible in the country’s neighboring country Pakistan. We all know that the condition of Pakistan’s economy is very bad for the last few days. In such a situation, there is a shortage of basic things in the country.
In such a situation, there is now a problem in preparing food for marriages and in everyday life in the country. The country’s foreign exchange reserves are continuously decreasing. According to the information given by the Central Bank of Pakistan, Foreign Exchange Reserves have reached the lowest level of 8 years i.e. about $ 5.5 billion. In such a situation, with this amount, Pakistan will be able to import essential things for only 3 weeks.
Pakistan is stuck in deep financial crisis.
Situation like Sri Lanka Economic Crisis has been created in Pakistan. While the foreign debt of the country is continuously increasing, there is a continuous decrease in the foreign exchange (Forex Reserves). According to the report of Pakistani newspaper Dawn, by March of the year 2022, the foreign debt of the country has reached 43 lakh crore Pakistani rupees. a large part of this debt Imran Khan is of the tenure of He has taken a total loan of 1400 crores Pakistani rupees during only 3 years. With this, foreign exchange in the country is almost on the verge of ending.
only so many dollars left
According to media reports, the State Bank of Pakistan had a total of $ 16.6 billion in January 2022, which has now come down to only $ 5.6 billion. In such a situation, a shortfall of about $ 11 billion has been recorded in it. The biggest reason behind the shortage of foreign exchange is to pay the installment of foreign loans. According to many experts, Pakistan’s economy is currently going through a ‘serious’ situation. In such a situation, the Shahbaz Sharif government of Pakistan is trying to get the next installment of its IMF package as soon as possible by negotiating with the International Monetary Fund (IMF).
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