look news india
One and a half lakh people unemployed in one stroke
To help the economic crisis caused by the extreme situation in Pakistan, he imposed several conditions before announcing the tranche of the bailout package to Pakistan and the Shahbaz government had no option but to accept them. The biggest decision taken by the Government of Pakistan by accepting the new conditions of IMF is that in one stroke about 1.5 lakh people have become unemployed in the country. People who were already facing the brunt of inflation needed food and water, now their earnings had also become limited. Due to which the situation is likely to worsen in future.
Locked six ministries
The Pakistan government has not only lost millions of jobs but has also locked six ministries. Not only this, both the ministries have merged with each other. Due to all these situations, it has become necessary for the IMF to take such steps to release the next tranche. The people of Pakistan are facing the biggest problem due to this. With these measures, Pakistan will get help of seven billion dollars from IMF. An installment of one billion dollars has also been paid. According to reports, Shahbaz Sharkar has taken a big step to cut administrative expenses. Which is under the conditions set by IMF.
Preparation for tax increase in Pakistan
Due to pressure from IMF, Pakistan government has accepted many of its demands and the next step is towards increasing the tax-GDP ratio. Pakistan is now preparing to impose heavy taxes on agriculture and real estate sector. Apart from this, a decision can also be taken to cut subsidy. This clearly means that such days are definitely going to come when the people struggling with inflation will have to bear the additional burden of taxes. Pakistan Finance Minister Mohammad Aurangzeb has also said that a relief package has been finalized with the IMF, which will be the last package for Pakistan. We have accepted all the demands of IMF to improve our economic condition.
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