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| Pak at verge of bankruptcy | | |
As the economic crisis in Pakistan has deepened the neighbouring country is finding it hard to run its embassies in the foreign countries.
According to the media reports, the Pakistan government has issued instructions to the Ministry of Foreign Affairs to slash down a number of foreign missions abroad and reduce their offices, staff, and other measures to cut down expenditures.
Pertinently, Pakistan’s economy has taken a severe hit and it has been approaching different countries to seek financial aid to even meet daily expenses of the people.
Prices of essential commodities, including wheat and other items, have skyrocketed. Petrol has become expensive and the Pakistani rupee has hit an all time low.
Shehbaz Sharif after taking over as the Prime Minister of Pakistan has on many occasions presented a dismal picture of the country’s economy and has regretted that many nations have started looking at Pakistan as a country asking for money.
“Today, when we go to any country or make a phone call, they think that we have come (to them) to beg for money,” Sharif had stated.
As on date smaller economies have surpassed Pakistan, while the neighbouring country has been wandering for the past 75 years carrying a begging bowl.
There were countries whose GDP was lower than Pakistan’s growth, but currently they are far ahead in terms of export. In a nutshell Pakistan is at a crossroads.
Recent reports suggest that Pakistan is at the verge of bankruptcy as the international community too is refusing to help a country which has been using terrorism as an instrument of its state’s policy.
Pakistan is paying a heavy price for supporting terrorism as its leaders since 1947 have not focused on anything except bleeding India.
It fought three conventional wars with India and lost all three.
For the past thirty years it has been fighting a proxy war with India by sending terrorists into Jammu and Kashmir.
Pakistan has lost the proxy war as the terrorism has almost been wiped out from Jammu and Kashmir.
Rulers in the neighbouring country instead of thinking about building their nation have remained busy in chalking out strategies to spread violence and terror and in the process they have pushed their country into deep crisis.
Pakistan stands on the crossroads as the international community too has turned its back towards it. |
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