Pakistan's abrupt decision..? Ban on buying a car ..!
Pakistan's economy is so bad that its US dollar is more than 200. Almost the IMF, the World Bank, is in a position to withstand even a year without foreign credit. Pakistan's finance minister Miftah Ismail on friday said the government was raising taxes on the country's rich and banning them from buying new cars in order to control its deficit for the fiscal year and seek funding from the IMF.
Pakistan has less than $ 10 billion in foreign exchange reserves which has a population of 220 million. This amount is not even enough to import the goods for needed for 45 days.
In addition, Pakistan's current account is expanding and its fiscal deficit is widening, making it difficult to repay loans. Ismail, who released the budget for the 2022/23 financial year starting in July, said raising taxes on the rich would prevent cars from being imported and government officials from buying new vehicles.
As pakistan suffers from a shortage of foreign exchange reserves, Chinese banks have agreed to lend about $ 2.3 billion to help them . 
Pakistan, which is in dire financial straits, financial help is given by china . 
On Petroleum products which is imported from china, pakistan has imposed a 10 percent regulatory tax.
Pakistan's economy is so bad that its US dollar is more than 200. Almost the IMF, the World Bank, is in a position to withstand even a year without foreign credit. Pakistan's finance minister Miftah Ismail on friday said the government was raising taxes on the country's rich and banning them from buying new cars in order to control its deficit for the fiscal year and seek funding from the IMF.
Pakistan has less than $ 10 billion in foreign exchange reserves which has a population of 220 million. This amount is not even enough to import the goods for needed for 45 days. In addition, Pakistan's current account is expanding and its fiscal deficit is widening, making it difficult to repay loans. Ismail, who released the budget for the 2022/23 financial year starting in July, said raising taxes on the rich would prevent cars from being imported and government officials from buying new vehicles. As pakistan suffers from a shortage of foreign exchange reserves, Chinese banks have agreed to lend about $ 2.3 billion to help them . Pakistan, which is in dire financial straits, financial help is given by china . On Petroleum products which is imported from china, pakistan has imposed a 10 percent regulatory tax.
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