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

The poor people of Pakistan craving for the two times food

Friday - August 2, 2019 3:59 pm , Category : WTN SPECIAL
Inflation reached at the record level in Pakistan
Inflation reached at the record level in Pakistan

Living of people of Pakistan get ‘difficult' due to the stringent conditions of the IMF

AUG 02 (WTN) - The economic downturn of India's neighboring country, Pakistan has spread to the whole world. The economy of Pakistan is getting worse from day to day. Ever since Imran Khan has become the Prime Minister of Pakistan, the financial condition of Pakistan has also worsened. Pakistan, who arrived on the verge of bankruptcy, has had to take bailout package on the stringent financial condition of IMF (International Monetary Fund). Due to the stringent financial conditions of this bailout package, inflation breaks record in Pakistan these days.

For your information, let you know that the inflation has reached at record level in Pakistan at this time. In the first months of the new financial year, the rate of inflation in Pakistan has reached at double digit, which is the highest in the last 6 years. According to the information received from the media, the inflation rate in Pakistan in this month was 10.34 per cent. In the month of June, the rate was 8.9 per cent.

Pakistan's financial condition, which wastes money in promoting terrorist activities in India, is getting worse every year. Reaching the double digit of inflation in any country is a matter of concern, but the Government of Pakistan does not have any difference to it. Even before November 2013, the inflation rate in Pakistan reached at double digit. At that time the rate of inflation was 10.90 per cent in Pakistan.

As we told you earlier that Pakistan, who is facing a financial crisis, has taken a $ 6 billion bailout package from the IMF this year. The conditions of this bailout package are very difficult, under which the Pakistan Government has to take stringent decisions related to financial management. International economists had already made it clear that after adopting the stringent conditions of the IMF package, the inflation rate in Pakistan would reach at the record level.

According to the terms of IMF, the Pakistan Government has increased the prices of petrol, diesel, LPG and electricity. Not only this, according to the terms of the IMF, Imran Khan Government has taken some important steps to increase the tax collection, after which due to all these reasons, inflation has reached at record level in Pakistan. In the last few months, the Pakistani rupee has weakened against the US dollar. Because of the devaluation of Pakistani rupee, the import of raw material used in manufacturing has also been expensive, due to which the inflation has increased in Pakistan.

For the people of Pakistan, there may be more problems in the coming days. That’s why, because after implementing the IMF’s remaining stringent conditions, the inflation rate in Pakistan is expected to be 11 to 13 per cent. In Pakistan, the increase in the prices of food items is also largely responsible for rising inflation. At the same time, prices of petrol and diesel can be increased in Pakistan one more time, after which it is natural to increase inflation.

Financial mismanagement, military interference in Government and the difficult conditions of the IMF are increasing inflation in Pakistan day bay day. If Imran Khan's Government did not pay attention to financial management during the time, it would also be difficult for the poor people of Pakistan to get food of two times. Pakistan is no longer getting the same financial support from its allies like China, which ever got. In such a situation, there is no other alternative except to bear the cost of inflation before the people of Pakistan.