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Pakistan's economy reaches on the verge of selling foreign assets!

Saturday - December 7, 2019 1:18 pm , Category : WTN SPECIAL
Pakistan's poor economic situation sets the biggest challenge for Imran Khan
Pakistan's poor economic situation sets the biggest challenge for Imran Khan

Now Pakistan government to fill treasury by selling foreign assets 

DEC 07 (WTN) - The economic condition of Pakistan, a country that shelters and promotes terror and terrorists, has worsened these days. The economic condition of Pakistan, which has received financial assistance from other countries including the US and China is getting worse day by day that the poor people and the middle class of Pakistan are finding it difficult to get bread two times. Inflation has reached a peak in Pakistan due to a weakening Pakistani currency against the US dollar, historically declining in the exports, declining foreign exchange reserves and other reasons.

To say Pakistan gets financial support from many countries including America and China, but the reality is that this financial aid to Pakistan is more misused in Pakistan. For your information, let us know that a large part of Pakistan's annual budget is spent only in the defense sector. At the same time, in the competition to compete with India, the Pakistani Government and the Army keeps spending its budget on buying weapons and in the training of terrorists instead of removing poverty. Pakistan's credibility in the whole world has fallen so much about terror funding that FATF can blacklist Pakistan anytime. 

But even after all, Pakistan is not taking the name of improvement and keeps on trying to promote terrorist activities in India. For your information, let us know that Pakistan is currently going through such a severe financial crisis that to deal with the economic crisis, the Imran Khan government has now decided to even sell expensive unused expensive government properties located abroad. You must have been surprised to read this, but the economic condition of Pakistan, India's neighboring country, has reached such a situation that it has to sell its properties.

In this regard, the Imran Khan government of Pakistan claims that whatever proceeds will be generated from the sale of these properties, the government will work to fill the empty treasury. For your information, let us know that for this the Government of Pakistan will bid for government properties at Dubai Expo. At the same time, Pakistan Prime Minister Imran Khan says that for better use of funds on public welfare projects, expensive government properties will be sold. It is being said that the government of Pakistan will use this money for spending on welfare schemes related to education, health, food, and housing.

In fact, ever since Imran Khan became the Prime Minister of Pakistan, he has been saying that Pakistan's economic condition has become worse these days due to the negligence and financial mismanagement of previous governments. Imran Khan alleges that the previous governments either did not use the expensive properties located abroad or did not use them properly, due to which there has been a compulsion to sell these properties abroad.

Imran Khan says that despite assets worth billions of rupees, every year the federal government institutions are losing billions of rupees. Therefore, Imran Khan has warned the officials of the Ministry of External Affairs that if any officer poses any impediment in identifying and selling unused property owned by the government, then the right action will be taken. 

For your information, let us know that the economic condition of Pakistan is going through a very bad phase these days. Pakistan received a $ 6 billion bailout package from the International Monetary Fund (IMF) due to several reasons. At the same time, Pakistan has also received financial support from its friendly countries such as China, Saudi Arabia, and the UAE. But despite all this, Pakistan's economy is not improving. The biggest reason behind this is the interference of the Army in the Pakistani regime. As you know, the democratic system in Pakistan is only to show the world, whereas, in fact, the military dominates there. 

There have been a number of coups in Pakistan, while from time to time; Pakistan's Army keeps putting pressure on the elected governments there. Pakistan's diplomatic relationship with India and Pakistan's Kashmir policy also determines not the government there but the Army. In such a situation, a large part of Pakistan's budget is spent on the Army's budget, due to which little money is spent on poverty alleviation, education and health in Pakistan.

At the same time, China is also a reason for the economic ruin of Pakistan. China is a friend of Pakistan to say, but China has trapped Pakistan in its debt trap. Pakistan has suffered a lot as a partner in China's ambitious CPEC project. China has given a lot of debt to Pakistan under the guise of other projects including this project, which is becoming a big challenge for Pakistan. Now it has to be seen whether the Imran Khan government can control the deteriorated economic condition of Pakistan by selling foreign assets or not?