Pakistan Economic Crisis: General public in Pakistan is suffering, diesel is being sold at Rs 280 per liter, sales tax increased in the budget. big things
Pakistan Economic: Pakistan has a debt of 100 billion dollars, to repay which it will have to take a bailout package from the IMF, in return of which the people of the country will have to bear the brunt of high inflation.
Pakistan Economic Crisis: At present, Pakistan is feeling heavy pressure in the field of economic affairs day by day. The economic crisis in the country has reached its peak. The government of the country is taking strict steps to handle the economic situation. Meanwhile, Pakistan is continuously meeting with the IMF regarding the loan.
However, the IMF is trying to implement strict rules instead of giving loans, due to which the government of Pakistan is increasing the prices of all essential commodities. Recently, on Wednesday (February 15), Pakistan has increased the price of petrol by Rs 22, due to which the price of petrol in the country has increased to Rs 280 per litre.
Pakistan presented mini budget
Pakistan has a debt of 100 billion dollars, to repay which it will have to take a bailout package from the IMF, in return of which the people of the country will have to bear the brunt of high inflation. In the midst of so much trouble, the Pakistan Democratic Movement (PDM) authorized government has presented a mini budget in the country, under which the prices of many things have been increased, in which the sales tax has been increased from 17 percent to 18 percent. Cigarettes have been increased by 60 percent and the price of kerosene has been increased by Rs 12, which has increased the price of oil from Rs 189 to Rs 202 per litre.
After the mini budget presented by the Government of Pakistan, there are 10 areas in which the public has been hit twice.
- After the presentation of the mini budget, an increase of 10 per cent has been recorded in the prices of cold drinks.
- The condition of economic crisis in Pakistan is that there the price of flour has increased from Rs.150 to Rs.200 per kg. At present, the inflation rate of Pakistan is 33 percent, which has increased by 19.7 percent compared to the month of March 2022 last year.
- Recently, the Government of Pakistan has imposed a ban on imports, because it is not in a position to pay due to record fall in foreign exchange reserves. Pakistan’s foreign exchange reserves have come down to less than $3 million.
- Pakistan’s federal excise duty has been increased by 20 percent, after which air travel fares have increased tremendously. The cost of flight tickets in the country has reached up to Rs 50,000.
- There has been a shortage of tea in the country due to non-release of tea shipments from Karachi port. Goods worth billions of dollars of the country are stuck at the port, which has also caused shortage of things like steel in the country and many small and big industries have been shut down.
- Pakistan and the IMF have failed to reach agreement on a much-anticipated $1.1 billion package.
- A record decline has also been recorded in the currency of Pakistan, which is Rs 262 against one US dollar.
- The price of peas in Pakistan has gone up to Rs 200 per kg. The price of any kind of vegetable in Pakistan is not less than Rs 200 per kg.
- The prices of milk and curd are also skyrocketing in Pakistan, where one liter of milk costs Rs 210 per liter and curd is available for Rs 200 per kg.
- A big problem has arisen for the non-veg eaters, where the price of one kg of chicken meat has gone up from Rs.800 to Rs.900 per kg.