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Pakistan News: There is another trouble on Pakistan going through a period of economic plight. The President of America has given such a wound to Prime Minister Shahbaz Sharif, which he will not be able to forget soon.
Donald Trump has given a big blow to Pakistan. This is sure to increase the difficulties of Prime Minister Shahbaz Sharif.
Washington. US President Donald Trump is giving tension to many countries with his decisions. Now they have shocked China and Pakistan. The US Department of Commerce has put more than 70 companies in the business ban list. These include companies from many countries including China, Pakistan, UAE. America is giving reasons for national security the reason for this decision. Washington is targeting companies that are helping in the weapon programs of China, Russia and Iran. Due to American restrictions, it will be difficult for Pakistani companies to do international trades.
For Pakistan, these restrictions are no less than a shock. The country is facing a serious economic crisis, including inflation, the falling price of Pakistan currency and low foreign exchange reserves. Food, fuel and other essential commodities prices are increasing drastically in the country, due to which the livelihood of common citizens is being affected. Pakistani rupee is continuously weakening compared to major currencies, causing inflation pressure.
Serious economic crisis
One reason for Pakistan's failure to overcome the economic crisis is political instability, separatist movements and terrorist attacks in the country. The separatist voices are gaining momentum in Balochistan, the country's largest province. Extremist organizations like Baloch Liberation Army (BLA) are directly challenging the government. Along with Balochistan, Khyber Pakhtunkhwa province is also becoming a terrorist Hisna stronghold. Organizations like Tehreek-e-Taliban Pakistan are constantly targeting security forces.
Attempt loan
Pakistan is very much dependent on external funding including the International Monetary Fund (IMF) and other international partners to fulfill its financial obligations. Meanwhile, the International Monetary Fund (IMF) has signed an agreement with Pakistan for a $ 1.3 billion loan package for a period of $ 1.3 billion for a period of 28 months to reduce climate change and deal with the country's efforts. This new agreement is with an agreement on the first review of the $ 7 billion bailout program.
