look news india
The economic crisis in Pakistan continues and has reached the brink of ruin. A recent economic survey in Pakistan has revealed that 74 percent of the country's population is struggling to meet monthly household expenses. This figure is 14 percent more than last year.
The situation in Pakistan is such that a common man has to work to run the house and still has to take a loan. Although the government has prepared an economic plan, the increasing debt is increasing Pakistan's headache. This survey was conducted last month and this month covering thousands of people in 11 major cities of Pakistan. It found that in May 2023, 60 percent of the people were having trouble running the house, which figure has now increased to 74 percent. 60 percent of the people have had to cut down on household expenses while 40 percent are running the house by taking loans. 10 percent of the people have started working part-time to run the house. Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman, while addressing a farmers' conference, said that Shahbaz Sharif's government has failed to revive Pakistan's economy.
56 percent people are not able to save anything
56 percent of Pakistanis are not able to save. From this, we can guess what is the economic condition of Pakistan? A survey is also being conducted on the decline in the spending capacity of Pakistanis and the impact of inflation. Looking at the current situation, its figures are also expected to be shocking. The Pakistan government under the leadership of Shahbaz Sharif is now preparing to increase the share of states in the budget from 39.4 percent to 48.7 percent. Pakistan took a lot of loans in the last financial year and its total debt has reached 79,731 billion Pakistani rupees. Pakistan has also signed an agreement of seven billion dollars with the International Monetary Fund (IMF).