Home National The alarm bells for the economic situation rang NewsPipa

The alarm bells for the economic situation rang NewsPipa

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Pakistan has asked to send its delegation to Pakistan as soon as possible and agrees to accept the four main conditions for the revival of the International Monetary Fund (IMF) programme. It is said that the bailout of the IMF Package is the solution to all the problems Pakistan is facing. Meanwhile, the World Bank has postponed the approval of two loans worth 1 billion 10 crores for Pakistan to the next financial year, while the repayment of the loan from the International Monetary Fund has also been delayed by three months. The reason for the delay in getting aid to Pakistan from Saudi Arabia has also come to light. Saudi Arabia has made grants, deposits and investments subject to economic reforms. Saudi Finance Minister Muhammad bin Abdullah al-Jadaan said that in the past they used to give money without any condition, now it will not happen. . The tax system must be reformed. Based on all the circumstances, the conclusion is that Pakistan is going through the most difficult economic conditions of its time. A serious effort is needed to get the country out of this quagmire, which is lacking. The rulers. expression of hope of getting money from here, and it is nothing but giving comfort to the nation. The situation at this time is that the economy has reached the most critical point. In a country with a population of 22 crores, three weeks worth of import money is left 18, 17 There is one day of petrol left, 30 days of diesel left, x-ray films are running out and life saving medicines are in short supply Now is the time to take a final decision . What remains is that the IMF is not satisfied with the government’s economic measures. There is a demand that the government implements the conditions in the previous audit programme. If the government does this, according to these experts, there is a risk that the industrial process will be affected further with the increase in inflation. The government will not be able to process both cases. It is inappropriate to focus exclusively on the problems arising from political instability. Apparently, it seems that the seriousness and measures required for political stability are not given importance. One of the claims that was fulfilled, not a promise, but the terrible increase in unemployment together with the economic decline and inflation during this period highlighted the importance of experience claimants . The government experts who present the recent announcements of foreign aid for the rehabilitation of flood victims as economic stability do not have an answer to the question that the aid announcements of about 9.5 billion dollars will compensate the total loss of 33 billion dollars. How will that happen? In any case, it cannot be denied that unless the expenditure on non-productive sectors is reduced, it is not possible to reform the situation. It is also worth considering that in the elected house where economic and political instability should be discussed openly, it is necessary to prepare a strategy to bring political and economic stability to the country. Internal conditions If a section of people seem to say that they are unable to formulate a strategy for political and economic stability, then it is necessary to consider with a cold heart why this opinion was formed. The question of what the PDM federal government has done for political and economic stability in the last ten months must be answered by the people because the political and economic upheaval that took place during this period has made the common man seriously worried about the future. What a disappointment. If it is possible to resolve this frustration through political reconciliation and early elections, it should not be ignored, but a demonstration of realism should be prioritized. In the same way, it is the government’s duty to take effective measures to solve the daily problems so that at least the people can see some signs of improvement. Hope is sure that those in power will take them into confidence instead of hiding the facts from the people and will also ensure that the political process and system will not suffer from fraud. We can only hope.

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