look news india
The condition of impoverished Pakistan is getting worse day by day. Inflation is already skyrocketing. The prices of everyday food items are constantly increasing. The pockets of Pakistani people are being looted. China's debt is weighing heavily on Pakistan's economy. Pakistan has to plead before the IMF.
The conditions of the IMF are so strict that no concessions are given until the government agrees to them and it is becoming difficult to fulfill the conditions. Pakistani flour has become 800 Pakistani rupees per kg and oil 900 Pakistani rupees per liter. The situation is such that the people of Pakistan have to pay 25 rupees for a roti.
Even bread and dal is not in the fate of the people of Pakistan
The cost of living in Pakistan is skyrocketing. People are finding it difficult to meet their daily needs. The Pakistani rupee has fallen drastically. Along with food, housing, decent and good education is also being snatched away from the common people. Meanwhile, the pressure from the IMF to end subsidies is increasing. Despite this, Pakistan has increased the defense budget by 15 percent. The Pakistani Army has been given Rs 2,122 billion for the financial year 2024-25.
The country's GDP is estimated to be around three percent
According to Pakistan's Finance Minister, the country's GDP will grow at a rate of 3.6 percent. This is more than the figure of 3.5 percent of last year. However, experts believe that Pakistan's economic growth rate will touch the figure of 2.38 percent. Pakistan's total budget is Rs 18,877 billion. In this, the share of defense sector comes second.
Where is Pakistan's money going?
Pakistan is badly trapped in the debt trap spread by its friend China. Repaying debt is the biggest expense in Pakistan's budget. Pakistan will have to spend about Rs 9700 billion on repaying the debt. According to the information, the inflation rate in Pakistan is around 12 percent. The country's tax collection is estimated to be Rs 12970 billion. The government has announced the privatization of public sector companies to control the situation.