Islamabad: The economic condition of Pakistan is getting worse and the risk of default of the country is increasing. Inflation has reached its peak in Pakistan and it is believed that it is going to increase even more. The situation is that the market is also being closed early. Prime Minister Shehbaz Sharif has failed to rescue Pakistan from this catastrophe and now the new Army Chief General Asim Munir is going on a tour of Saudi Arabia. According to Pakistani media, General Munir will offer to help Saudi Arabia in the defense sector and will ask for money in return.
Earlier, General Retired Bajwa had also given loan to Pakistan from Saudi Arabia. Excited by this visit, Pakistani Finance Minister Ishaq Dar has said that Saudi Arabia and China are going to increase foreign exchange reserves in Pakistan. He also announced that the government is going to impose more taxes on the rich. Dar claimed, ‘Our foreign exchange reserves are going to be very good by the end of June.’ He said that the IMF program will be implemented at any cost.
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Pakistan on the brink of anarchy
Dar also disclosed that the Government of Pakistan is going to sell its properties to the Government of China and Saudi Arabia. On the other hand, contrary to Dar’s claim, Imran Khan’s party has claimed that Pakistan is on the verge of anarchy due to high inflation and unemployment. When the Pakistan Finance Minister was asked a question about the country’s default, he could not answer. He claimed that Imran Khan is promoting this speculation.
Experts say that if Pakistan moves ahead on the program of IMF, then inflation in the country will break all its records. This is the reason why there is no solution to Pakistan’s debt crisis. Pakistan is left with very little foreign exchange reserves and has to sell the property of its embassy in Washington. Even after this, Pakistan is continuously pouring money on the army and keeps testing missiles every day.
