For Pakistan, its problems don’t seem to be anywhere near its end. The economic crisis the country is battling…is showing no signs of improving. Infact, it is worsening with almost each passing day. Just yesterday, Pakistan's currency fell to a record low of ₹ 255 against the US dollar…and now, it has forex reserves just enough for 3 weeks at max. Recently, the central bank increased its benchmark interest rate to 17%...the highest in over 24 years ! And these unending strings of issues are coming when its economy is struggling to cope with mounting debt, global inflation and political instability, and has been pushed to the brink of a collapse. But how did the country reach at such critical stage? Talks have been doing the rounds that it may also go the Sri Lanka way. But how close is it to that situation? Let’s break it down for you in this video. But before that don’t forget to like, share and subscribe to Oneindia.
Pakistan’s economy seems to be on the verge of crashing. The economic issues especially the fuel crisis that the country has been facing appear to be finally taking a toll on common citizens. Although Pakistan had been grappling with such issues since quite long, things seem to be quite apocalyptic for the common citizens this time. The power crisis has worsened to such an extent that orders have been given for early closure of shopping malls, markets. Pakistan barely even has enough stock of oil, gas and electricity to keep its basic infratructures up and running. Just recently, Pakistan cabinet has approved the ‘National Energy Conservation Plan’ to save energy to deal with the power and fuel crisis. But how did the country reach at such critical stage? Is it also going Sri Lanka and Bangladesh’s way when it comes to economic hardships? Let’s break it down for you in this video. But before that don’t forget to like, share and subscribe to Oneindia.
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