economic disaster in Pakistan

ECONOMIC CRISIS IN PAKISTAN

Over 30 000 people gathered at a stadium in Islamabad for a written test for just 1667 vacancies in the police. In these visuals there's cooking gas stored by citizens in these big balloons, as cylinders are more expensive. But why is all of this happening? The answer is economic distress which I explained in just a minute first what are the main worries of the country. Fiscal deficit difference has widened by more than 115 percent in the first four months of the current fiscal year. Danica the Ministry of Finance forecasted the inflation to stay high between 21 to 23 percent . State Bank of Pakistan's foreign exchange reserves declined by 294 million dollars to 5.8 billion dollars last week this is their eight years low. According to the Pakistan Institute of development economics, more than 31 percent of countries youth are unemployed now. Why is Pakistan in such a state? State bank of Pakistan Governor quoted three main reasons in an interview 2022 floods food inflation was already high and floods further impacted the crop, the continuing Ukraine war and a rise in food prices globally. So what's the possible solution. The answer is loan from the International monetary fund. A package has been pending as park has to implement a list of actions suggested by IMF. Islamabad has to assure the IMF that the funds would be used appropriately.

From NDTV

MY REVIEW;

To be extra conscious about the 
current crisis of Pakistan, it has 

to be make sure that all those loans which are taken up by our all formergovernments,and no one is just considering it. It's all because those 
mismanagement of government
and our nation. PAKISTAN is the 5th most populated country , but due to it's very low economical image ,till
 now it's considered as DEVELOPING
 COUNTRY. Everyday , the increasingDEARNESS ,overprizing of groceries and many other daily useable things, have 

reduced the shining image of our 

country. And if we now the reason, then it only because to pay all those IMF

 loans.But the question is , When there was the era of Dam collection ;

• the domestic collection is 9,551,773,311
• the overseas collection is 1,905,196,519profit earned on investment 
• 4,882,076,96 
• and the total money is almost
•  16,341,330,440 and all these statics are according to the SUPREME COURT OF Pakistan. And where is all that money, Just in safe Hands. If the government will notbe loyal to the nation , then the day is not far when we will be defaulted fromInternational Map. This is not only the duty of ourgovernment,but we are alsoequally involved. If all of us would be with the country not with those political parties, which are just fighting for their integritybut not of their country, then we will be a nation . But now we are nothing more then mere the rascalswhich are running blindly beforeunbearable politics.