No relationship with new military leadership at this time: Imran Khan

‘Sri Lanka-like situation’
Explaining the reason behind the ongoing economic crisis, the ex-PM said that no investor or businessperson trusts the incumbent government and neither do foreign investors. “Pakistan has been plunged into a quagmire. To save the country from a Sri Lanka-like situation, we need free and fair elections,” the PTI chairman said. Khan said that he “feared” a further economic crisis in the offing as the foreign reserves have depleted to $4 billion and commodities of the same value were getting stale at the country’s ports. “The prices of commodities are rising, unemployment is increasing, and industries are shutting down,” the PTI chief said. Pakistan’s economy has crumbled alongside a simmering political crisis, with the rupee plummeting and inflation at decades-high levels, while devastating floods and a major shortage of energy have piled on further pressure. The South Asian nation’s enormous national debt — currently $274 billion, or nearly 90% of gross domestic product — and the endless effort to service it makes Pakistan particularly vulnerable to economic shocks.« Four security forces men embrace martyrdom (Previous News)
Related News

Maarka-e-Haq ceremony at the CDA Capital hospital
ISLAMABAD, AUG 13 /DNA/ – Chairman CDA and Chief Commissioner Islamabad, Muhammad Ali Randhawa, attendedRead More

Pakistan saves billions through UK backed governance reforms
A landmark UK programme has successfully concluded after delivering major reforms across Punjab and KhyberRead More
Comments are Closed