The neighboring country Pakistan has come to the verge of financial ruin. Pakistan is living on a ventilator, always trying to suppress India through political squabbles, misuse of military force and terrorist activities. As Pi is taking his last breath, Pi Pi is getting old. It is taking several measures to come out of the economic crisis.
Economic condition of Pakistan is bad, government is trying to take loan from IMF as well. It is also begging for help from countries like America. Not only this, the economic condition of Pakistan has become so bad that the government is trying to increase foreign exchange by exporting animals like donkeys and goats. Despite all the efforts of the government, the prices of daily life items in the country have doubled.
Now a minister of the government of Pakistan has made a statement to improve the economic situation that everyone is talking about, the government has appealed to its people to drink less tea. Planning and Development Minister Ahsan Iqbal appealed to the people of the country and said that I am appealing to the people to reduce the consumption of tea because the tea we import is also done with borrowed money.
The people of Pakistan, the world’s largest tea importer, did not accept this appeal. And a round of backlash started against the minister on social media.. The funny thing is that the minister also appealed to the tea shopkeepers to close the shop earlier than time, also reasoning that it will also save electricity.
The inflation graph in Pakistan has been going up for a long time now. Due to which the prices of food and beverages, gas and fuel have gone up. Due to rising inflation, the country’s foreign exchange is decreasing. The country is in dire need of money. The central bank of Pakistan had a fund of $16.3 billion. It fell to $10 billion in May. According to experts, this amount will last for 2 months only for the import requirement of the country.
Why the financial crisis?
The economic crisis in Pakistan is seen as a consequence of the recent coup d’état. Shehbaz Sharif became the Prime Minister of Pakistan after removing Imran Khan but inflation and bringing the country’s economy back on track is a big challenge for him.
Pashtal on Pakistan
To recover from the economic crisis, the Pakistani government has asked to reduce the import of non-essential goods, although critics say that this step has been taken too late, it will only affect the volume by 5 percent. To increase foreign exchange, the Pakistan Cabinet revised the export policy and lifted the ban on live animal exports. So Pakistan sold 100 goats to UAE. Earlier, Pakistan tried to increase its foreign exchange by selling donkeys. It is said that Pakistani donkeys have the highest demand in China. Because of this, the people of Pakistan keep donkeys more than other animals. China buys these kinds of donkeys and makes medicine from their hides, which is used to increase blood circulation.
Income from export of donkeys
Along with donkey exports, Pakistan has also clamped down on several imports, including cars, cosmetics, mobile phones, cigarettes, petroleum products and crude oil, which has sent prices of daily necessities skyrocketing in Pakistan. Petrol is being sold at Rs 233 per litre. Then the question is whether Pakistan will be able to come out of economic crisis by relying on goats and donkeys? Or will it be like Sri Lanka now?
