Islamabad. The economic crisis in Pakistan is continuously deepening, but despite this, Pakistan’s delusion of considering itself a big power is not ending. Pakistan is still encouraging infiltration in India and at the same time is also considering giving military help to Iran against Israel. Pakistan considers itself the leader of the Arab world, but if needed, it is not ashamed to extend its hands for alms in front of Arab countries. In such a situation, this saying is absolutely true for Pakistan that there is no grain in the house, but mother has gone to roast it. Now a recent report has revealed that the economic condition of Pakistan is continuously deteriorating and it has reached the brink of bankruptcy.
A recent economic survey in Pakistan has revealed that the economic condition of Pakistan is continuously deteriorating. The situation is such that 74 percent of the people of the country are struggling to meet their monthly expenses. This is 14 percent more than last year. The common people in Pakistan are either having to borrow money to meet their expenses or they are forced to do part-time jobs. The government has prepared an economic plan, but the increasing debt is increasing Pakistan’s headache. Looking at the situation, shocking figures are expected in it too. The Pakistan government led by Shahbaz Sharif is now preparing to increase the share of states in the federal budget from 39.4 percent to 48.7 percent. Pakistan has taken a lot of loans in the last financial year and Pakistan’s debt has reached 79,731 billion Pakistani rupees. Pakistan has also made a new deal of seven billion dollars with the IMF.
A survey was conducted on thousands of people in 11 big cities of Pakistan in the months of July and August. This survey revealed that while 60 percent of the people were facing difficulty in managing their household expenses in May 2023, now their number has increased to 74 percent. 60 percent of the people have had to cut down on their household expenses. At the same time, 40 percent of the people are raising their families by taking loans. 10 percent of the people have started doing part-time jobs to run their expenses. 56 percent of the people of Pakistan are not able to save anything. From this, it can be guessed what is the financial condition of Pakistan. A survey is also being conducted regarding the decrease in the spending capacity of the people of Pakistan and the impact of inflation.