Prime Minister of Pakistan Shahbaz SharifImage Credit source: PTI
Pakistan is drowning in the ocean of debt. People are not getting the breads of June 2. meanwhile Pakistan A budget of Rs 14.5 trillion has been presented on Friday. The interesting thing is that he has set aside more than half of the budget to repay the loan. The economy of Jinnah’s country has completely shaken. Unable to repay loans taken from other countries. Has been facing a political crisis for months, due to which fear has started to arise among potential foreign investors.
Inflation is at its peak in Pakistan. The rupee is continuously falling and the country is no longer in a position to import, due to which there has been a huge decline in industrial production. In view of the general elections to be held at the end of this year, the Shahbaz Sharif government has given about 950 billion rupees for development projects so that the common man can be wooed. Apart from this, 35 percent increase in civil service salary and 17.5 percent increase in pension are included.
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Presenting the budget in the Pakistan National Assembly, Finance Minister Ishaq Dar says that general elections are going to be held soon in the country, but despite this, the budget for the next financial year is prepared as a responsible budget instead of an election budget. Prime Minister Shahbaz Sharif has blamed Imran Khan for the situation in the country. They say that the previous government has ruined the economy. Poor people were humiliated.
People do not trust the PM of Pakistan
Sharif says he is optimistic about an extension later this month on the International Monetary Fund (IMF) loan facility, crucial to keeping the economy afloat. The IMF chief has given his verbal commitment. There is no hindrance in this. The Prime Minister of Pakistan may make any claims, but the public does not believe him. A fruit and vegetable seller in the capital Islamabad says that the government is humiliating the poor. This budget will be of no use until the inflation is reduced. The poor are going to get relief only when inflation comes down.
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