Pakistan’s economic condition has gone to Patal Lok at this time. People are not able to buy even the daily essential things for living there. This poverty and hunger has affected every section in Pakistan. This is the reason that even the children studying in schools there are forced to give up their education. The main reason for this is the rising school fees and the decreasing income of the parents of the children. In view of inflation, children have left education at a young age to work. Published a report on education. In this report, it has been told how children are forced to leave their studies and work to meet the expenses of their household. In this report, AFP while telling the story of a girl Nadia has written that Nadia is 16 years old and used to study in a school. But after reaching the peak of inflation in Pakistan, it became difficult for his parents to run their house. This was the reason that Nadia left her studies and started working as a maid in other’s homes along with her mother. Like Nadia, there are many girls in Pakistan who have given up their studies.
Inflation rising due to debt
Pakistan is completely in debt at this time. Pakistan’s government needs to raise heavy taxes and utility values to get another tranche of the $6.5 billion International Monetary Fund bailout and avoid default. Let us tell you that Pakistan, which is facing financial crisis, has to return about $ 22 billion in the next 12 months and a total of $ 80 billion in three and a half years, while its foreign exchange reserves are only $ 3.2 billion and its economic growth rate is just two percent.
China will help
Pakistan went to big countries around the world for help and it did not get help from everywhere. But now China has agreed to help it. China will give a loan of $700 million to poor Pakistan. He is likely to get this amount by next week. According to the Pakistani newspaper Express Tribune, an agreement has been reached between China and Pakistan for a loan of $700 million. In such a situation, it has brought great relief to Pakistan in case of non-availability of loan from International Monetary Fund.
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