Islamabad: Pakistan has once again increased the price of petrol by Rs 22.20 per liter amidst the worsening situation. After this now the price of petrol in the neighboring country has gone up to Rs 272 per liter. According to the report, Pakistan is taking such steps to unlock the loan from the International Monetary Fund (IMF). A few days ago, the IMF team returned from Pakistan without any agreement, which has increased the heartbeat of the Shehbaz Sharif government. The government is now even ready to suck the blood of its people to please the IMF. 

Now, this step of the Shehbaz government has created a hue and cry in the people of Pakistan. The prices of many essential daily items including milk, ghee, and chai patti are already skyrocketing. The Shehbaz government has given clarification regarding the increase in the prices of petrol and said that the Pakistani rupee has fallen against the dollar, due to which the fuel prices have been increased. Pakistan is in awe after the IMF team for talks was left without reaching any final agreement last week. However, Finance Minister Ishaq Dar and PM Shehbaz Sharif have agreed to all the pre-conditions. And now Pakistan has increased the price of petrol, which has further increased the economic burden on the people. Pakistani commentator FS Ejazuddin has attacked and said that the IMF, Saudi Arabia, and the United Arab Emirates (UAE) are interfering in the politics of Pakistan.

According to a report, the IMF is delaying the release of the loan installment for Pakistan. Which has not only scared the Shehbaz government but has also thrown the public into the fire of inflation. IMF is constantly appealing for structural reforms in the Pakistani economy. The Dawn editorial questioned, 'IMF's carefully crafted brief closing statement on 10-day loan talks reflects domestic and external imbalances in Pakistan.' Ejazuddin has asked, 'Why does the IMF continue to expect Pakistan to implement long-term solutions (such as structural reforms) when it already has a democratic government?'

According to media reports, inflation in Pakistan has reached 33 percent at this time, which is much higher than March 2022's 19.7 percent. Even everyday items like wheat flour are going out of reach of the middle class. Tea has become expensive. There are reports that Pakistan does not have the required foreign exchange to secure the release of shipments at the Karachi port for the past 3 months. The foreign exchange reserves have declined to below US$ 3 billion due to the reduction in official foreign inflows. 

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