Is pakistan able to withstand this hyperinflation?
The condition of inflation in pakistan is getting worse every day. Till now people were worried about wheat and flour. Now the electricity rates have also been increased. According to the new tariff, electricity has become Rs 46 per unit.
Pakistan was expecting from the World bank that if it gets a loan, it will get some relief. pakistan had demanded $ 1.1 billion from the World Bank. Now the World bank has also refused to give loan for the time being, describing Pakistan's economy as the worst. In case of non-availability of loan, now all the roads for pakistan seem to be closed. It is being feared that the condition of pakistan may not become like sri lanka and people should not start protesting on the road even for food and drink.
According to the news of Pakistan's newspaper The Express Tribune, the World bank has postponed the approval of a loan of $ 1.1 billion, giving a big blow to Pakistan. The World bank has opposed the imposition of flood duty on imports in Pakistan. The World bank says that this is hindering annual aid of $ 32 billion. There has also been a decline in the number of Pakistani citizens sending money from abroad, due to which the foreign exchange fund is also weakening.
click and follow Indiaherald WhatsApp channel