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If this remains so Pakistan to not be able to import after a few days!

Saturday - October 12, 2019 4:13 pm , Category : WTN SPECIAL
Pakistan's economic condition worsens
Pakistan's economic condition worsens

Pakistan's foreign exchange reserves fall sharply; inflation may increase rapidly

OCT 12 (WTN) - As you know, Pakistan, a country that shelters terror, is currently facing a severe economic crisis due to its own mistakes. Ever since Imran Khan has become the Prime Minister of Pakistan, Pakistan's economy has been in doldrums ever since. However, Imran Khan is constantly taking steps to show and say that Pakistan's economy can get back on track, but these ostentatious steps of Imran Khan are not having any positive effect on Pakistan's economy.

The economy of Pakistan has deteriorated continuously now that it has become difficult to import. This has happened because there has been a big decline in the foreign exchange reserves of Pakistan. According to the information provided by the State Bank of Pakistan, the central bank of Pakistan, as of October 4, Pakistan's liquid foreign reserve has only $ 14.992 billion left. For your information, let us know that till September 27, Pakistan's total foreign reserve was $ 15.003 billion.

It is clear that due to less foreign exchange reserves, it is going to be very difficult for Pakistan to import. And if Pakistan has trouble in purchasing goods from abroad, then due to this, inflation in Pakistan will increase at a rapid pace, which will make the life of the general public of Pakistan difficult.

For your information, let us know that the foreign exchange reserves are the funds or other assets held by the central bank of any country, which is used to pay the debts if needed. At the same time, the central bank issues currency on the basis of foreign exchange reserves. The amount deposited by the government and other financial institutions in the central bank is also called foreign exchange reserves. Foreign exchange reserves are held in one or more currencies. It is observed that most of the dollars and to some extent the euro are included in the foreign exchange reserves. 

Pakistan's economic condition has worsened due to the policies of Imran Khan, who has become Prime Minister of Pakistan from the captain of Pakistan cricket team. Ever since Imran Khan has become the Prime Minister of Pakistan, he has taken a record loan from abroad. During the one year rule of Imran Khan who came to power with the promise of creating a "New Pakistan", Pakistan has suffered so much economic and diplomatic scale as never before.

The situation is that due to the inferior economic policies of Imran Khan, Pakistan's economy has come on the verge of beggary. The condition of Pakistan is that foreign debt is increasing day by day. According to the information, during the one-year tenure of Imran Khan Government, the total debt of Pakistan has increased by 7,509 billion (Pakistani) rupees.

Pakistan itself is responsible for this economic plight of Pakistan. The terrorists whom the Imran Khan government has sheltered are the terrorists responsible for the plight of Pakistan. The whole world knows that Pakistan has trained and sheltered terrorists to spread terror in India. These terrorists are growing on Pakistan's land and now they have become the biggest threat to Pakistan.

As you know that Pakistan needs a large number of loans from abroad to improve its poor economic condition, but due to FATF (Financial Action Task Force), a lot of financial aid to Pakistan has stopped and further can be stopped in the future also.

FATF, an international body tracking terror funding and money laundering, believes that Pakistan has failed to stop terrorist funding. For your information, let us know that the Asia Pacific Group (APG) of FATF has already put Pakistan from a gray list to blacklist. Now in the next week's meeting in Paris, FATF can drop Pakistan from the gray list and put it in the blacklist.

Imran Khan is being held responsible for Pakistan's worsening economic condition in his country. But Pakistan's Army seems to be more responsible for this condition. This is why because, in order to maintain its own existence in Pakistan, the Pakistan Army along with ISI trains the terrorists and keeps sending the terrorists for terrorist activities in India.

Not only this, the fundamentalist organizations in Pakistan collectively help the terrorists financially. It is clear that the whole world is interested in at least doing business activities from Pakistan, which has become a refuge for terrorists. At the same time, Pakistan's economic condition is deteriorating due to the foolish decision by Pakistan to stop trading with India after the Balakot airstrike. It is clear that Pakistan is currently responsible for its poor economic condition. In such a situation, let’s see how long Pakistan can save its economy from bankruptcy?

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