Every morning a new problem is arising in front of Pakistan. Due to inflation, people are not even able to get one-time meals. Prices of everyday items like flour have skyrocketed and nearly 30 cities in Pakistan plunged into darkness due to the power crisis last day. Overall, the situation is going from bad to worse every day. Thousands of Pakistanis are losing their jobs every day. According to a report, millions of Pakistanis will become unemployed in 2023. That is, the crisis is going to be more serious.
According to a report received, about 62 lakh people may get unemployed in 2023 due to the closure of businesses and decreasing production in factories. This figure is 8.5 percent of the total workforce of Pakistan. These would be people who would be ready to work, but would not have employment. Due to the possibility of huge unemployment, the government of Pakistan is expecting a relief package from the International Monetary Fund (IMF) as soon as possible. In this situation, the government cannot postpone the mini-budget. It is being told that with the arrival of a mini-budget, unemployment in Pakistan will increase further. In the mini-budget, Shehbaz Sharif's government will increase the prices of gas and electricity, additional tax on petroleum products, and tax on import-export. Because apart from this the government has no other way left. This will increase 'stagflation'. Stagflation is used when, when both the inflation rate and the unemployment rate are at their peak.
The same situation is seen moving towards a similar situation in Pakistan. The inflation rate in Pakistan will reach new heights. Pakistan's foreign exchange reserves ($4.601 billion as of January 13) are not enough even for one month of imports. Therefore, the government is looking for ways to borrow from the IMF in any way. That's why the mini-budget cannot be ignored, which in turn will increase unemployment. Pakistan's foreign exchange reserves have become so low that even the import of essential goods has become a problem. Along with everyday things, the threat from flour, gas, and petrol to medicines has deepened in Pakistan.
Principal along with his son started robbery after getting expelled from school, both arrested