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The fear of bankruptcy in the country exceeded 100% |
The fear of bankruptcy in the country exceeded 100%
Domestic debt has also reached an alarming level of 62,000 billion rupees.
Lahore (Pakistan News Latest. November 22, 2022) Very alarming data related to the country's economy has been released.
According to Shahzeb Khanzada,
a journalist for the private TV channel Geo News, the fear of bankruptcy in the country has exceeded 100 per cent, while the national debt has also reached the level of 62 thousand billion rupees, while the circulating loans have reached the level of 25 thousand billion rupees.
Pakistan has only 6 billion dollars for imports for 6 weeks, they are also not their own but borrowed money from friendly countries.
The value of the rupee has fallen and the price of the dollar has reached 223 rupees in the interbank market, while this price has reached 245 rupees in the black market. The remittances of the country have also fallen by 10%, exports have also fallen by 4% in October, economic activities have been badly affected, no friendly country is ready to give money, foreign investment has decreased by 68%, a country of 22 crores. Only $21 million in foreign investment came in.
While senior journalist Kamran Khan has also expressed his concern regarding the continuously falling value of the rupee and the economic conditions of the country, he has said that Ishaq Dar dreamed of 200 rupees to the dollar, today the artificial level of 223 rupees has also failed, the dollar is open.
250 rupees in the market and 265 rupees are not available in the hawala market, the handi hawala is booming, and distressed Pakistanis are sending capital out, while Dar, Shehbaz Sharif, and Nawaz Sharif families have shifted their businesses abroad years ago.
On the other hand, former Federal Finance Minister Shaukat Tareen, addressing a seminar on the country's economy on Tuesday, said that the government should show cash flow, confidence in the market will increase, and the dollar has reached 222 from 178. It reached Rs 222 today, Petrol was Rs 150 and reached Rs 234 today.
Today, the prices of electricity, gas and oil have increased to a record, the backs of the people have been broken due to inflation, and the budget deficit was small during our time, today it has increased many times.
He said that we repeatedly tell the government that you should show your cash flow, and showing cash flow will increase confidence in the market, our friendly countries are not ready to trust us, according to them, this government has won 75 per cent of the elections. has lost, Pakistan needs a stable government, and we have to go to the elections now. Former Federal Finance Minister Shaukat Tareen said that if the elections are not held, the anxiety will continue in the country, how can we get out of the pit? We have started planning on this, if our government comes, we will lead the country on the path of development.
Shaukat Tareen further said
That when we took over the government, the economic conditions were very bad, and we had to go to the IMF to manage the economy, managing the economy during Corona was no less than a challenge, despite the policies we implemented. led the country on the path of development.
