Pakistan Economic Crisis: Pakistan is currently facing a serious economic crisis. The country’s rupee has gone down to a historic low of 275 against the US dollar. Due to the huge increase in inflation, the problems of the common people have increased a lot. The country’s foreign exchange reserves have fallen to the lowest level since 1998 by around US$ 3 billion. Due to the huge shortage in Foreign Exchange Reserves, the government of Shehbaz Sharif is now refraining from importing many essential things. Why was Pakistan ruined? According to…
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Pakistan Economic Crisis State Bank Of Pakistan Inform That Pakistan’s Foreign Exchange Reserves Fall Below Three Billion Dollar
Pakistan Economic Crisis: At present, the economic condition of Pakistan is very bad. Nowadays Pakistan is facing problems in every field due to lack of money. Pakistan has a debt of 103 million dollars. Today on February 9, Pakistan’s State Bank of Pakistan (SBP) informed that the new foreign exchange reserves declared after February 3 have come down from $170 million to $2.9 million. At the same time, talks with the International Monetary Fund (IMF) regarding the release of money under the bailout program are closed. Right now Pakistan is…
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