Islamabad. The people of Pakistan suffering from an economic crisis and are facing inflation along with a shortage of food items. He has not received the necessary support from anywhere. Foreign exchange reserves that can only be imported for three weeks have fallen to 4.3 billion dollars. Due to the foreign exchange crisis, Pakistan has not been able to import essential materials like flour. Foodstuffs and medicines are stored in the port.
The Pakistan government had asked the International Monetary Fund (IMF) for $6 billion in aid, but it has made it conditional on increasing the prices of petrol and diesel. After the increase in energy prices worldwide due to the Russia-Ukraine war, the previous Imran government of Pakistan announced subsidizing energy prices. Now keeping this year’s elections in mind, the Shehbaz Sharif government is reluctant to take unpopular steps like price hikes.
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