BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL Astrology GOSSIP CORNER SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
logo
Breaking News

If this happens, then Pakistan's economy to be damaged soon!

Wednesday - July 10, 2019 2:02 pm , Category : WTN SPECIAL
Imran Khan looks 'fail' on the economic front
Imran Khan looks 'fail' on the economic front

Now only the 'tough steps' can save Pakistan's economy!

JULY 10 (WTN) - If Pakistan, infamous for promoting terrorist activities, does not take any action soon, then the economy of Pakistan can be damaged. Pakistan's economic situation has become so worsened. Since Imran Khan became the Prime Minister, the financial condition of Pakistan has also worsened. The situation is that in the last 10 months, the Pakistani rupee has declined by nearly 30 per cent.

On August 18, 2018, Imran Khan became the Prime Minister of Pakistan. At that time, the Pakistani rupee was at the level of 123 against a US dollar, whereas the Pakistani rupee has reached 158 against a US dollar today. According to Pakistani economics experts, this is the biggest drop in the history of Pakistan's economy in such a short period for the first time. Clearly, the accountability of Prime Minister Imran Khan comes out, because the currency of Pakistan has become the worst performing currency in all Asia.

Pakistan's economic condition is getting worse day by day. In view of this, the International Monetary Fund issued a warning to Pakistan and said that if Pakistan does not take any concrete steps immediately about the economy at the time, the economic condition of Pakistan can be even worse, and if such if so, then the poor people of Pakistan may have to face terrible inflation.

Pakistan's financial condition is so bad that in order to recover from the cash crisis, Pakistan has had to take a bailout package of $ 6 billion from the IMF. But among all this, the IMF told Pakistan that due to the large financial needs, weak and unbalanced development; Pakistan is facing a lot of challenges on the economic front.

According to the IMF, Pakistani Prime Minister Imran Khan will have to increase revenue through taxation to deal with this issue. At the same time, Pakistan is also needed to correct the economic imbalance, because without doing so, the economy of Pakistan can’t come back on the track. Pakistan needs special attention to increase the foreign exchange reserves so that there is no crisis of payment balance. The IMF has warned Pakistan that inflation will become uncontrolled in Pakistan if the monetary policies are not adopted as soon as possible.

The IMF has clearly said to Pakistan that if Pakistan does not take any of these steps strictly on time, it will create a major threat to Pakistan's economic stability, and in such a situation it will be very difficult to save Pakistan's economy from being damaged. Amidst all this, the rupee collapse continued in Pakistan. It is being said that if Pakistan's economy continues in such a situation, then by the end of the year, Pakistan currency could go from 175 to 180 against the US dollar. The present situation of Pakistan's economy is not expected to stop the falling of rupee.

In fact, Pakistan's export has suffered a lot, due to which Pakistan is facing the shortage of dollar for the foreign payment. Due to the ever increasing imbalance of payments, Pakistan will have to buy the dollar. When Pakistan buys dollars for the balance of payments, it is natural that the Pakistani rupee will fall, and when the rupee falls, the inflation will increase.

For your information, let you know that Pakistan is responsible for Pakistan's current economic condition. According to the experts, China has put Pakistan in a planned way in debt like this, due to which Pakistan has to bear the debt burden for many years to overcome from this debt. At present, Pakistan has about 50 billion dollars Chinese loan. China, which tries to show the best friend of Pakistan, is not giving any solid support to from Pakistan at this time.

At the same time, as you know, Pakistan continues to promote terrorism. Pakistan has suffered a lot of economic loss since FATF has put Pakistan in the gray list due to Pakistan’s terrorism promoting activities. That is why, because since the FATF has put Pakistan in the gray list; the limit for taking loan has been fixed to Pakistan. If Pakistan does not change its view on terrorism, then it may be that Pakistan may also put in the black list by the FATF. And if this happens, then no one could stop the economy of Pakistan from being ruined.