‘Pak PM Imran Khan became a beggar, begging the world with a bowl”Pak PM Imran Khan became a beggar, begging the world with a bowl’
Islamabad
After being disappointed in getting loans from the World Bank to the IMF, Pakistan’s Prime Minister Imran Khan has finally worked his way up to Saudi Arabia’s Crown Prince Mohammed bin Salman
The Saudi Fund for Development has announced that it will deposit $3 billion in the State Bank of Pakistan to help Pakistan’s Foreign Monetary Fund. Saudi Arabia has given this big relief to Pakistan at a time when the country’s economy is on the verge of bankruptcy.
According to Pakistani TV channel Geo News, the Saudi fund also informed that an official directive has been issued under which $ 1.2 billion will be given to Pakistan this year to finance the trade in oil products. This Saudi aid going to Pakistan has been confirmed by Pakistan’s Information Minister Fawad Chaudhry and Energy Minister Hamad Azhar.
This will help
in easing the pressure created on the foreign exchange, ” Azhar said. Earlier in May, Fawad Chaudhry had said that Saudi Arabia has agreed to restart the oil facility for Pakistan. Earlier, during his other visit, Imran Khan had requested Saudi Arabia regarding the supply of oil.
Earlier, the International Monetary Fund had given a big blow to the pauper Pakistan, who was repaying the loan by taking a loan. The IMF refused a loan of one billion dollars to Pakistan. To persuade the IMF, the Imran government drastically increased the prices of electricity and petrol and diesel, but even this could not satisfy the global body.
Due to non-receipt of loan from IMF, now PM Imran Khan has to spread his bag once again in front of Saudi Arabia.
The Imran Khan government is continuously taking loans to repay the loan, in
fact, on the plea of the Pakistan government, the IMF gave it an extended fund facility of $ 6 billion to save the economy which was on the verge of destruction. Under this, one billion dollars was to be given as a next installment.
According to Pakistani media, talks have not been made between the Government of Pakistan and the IMF regarding this money. The Imran Khan government, which came by promising not to take foreign loans, is continuously taking loans to repay the loan.
Recently, in the Parliament of Pakistan, the Imran Khan government had admitted that now every Pakistani now has a debt of Rs 1 lakh 75 thousand. In this the contribution of Imran Khan’s government is Rs 54901, which is 46 percent of the total amount of the loan.
This debt burden on Pakistanis has increased in the last two years. That is, when Imran took over the power of Pakistan, every citizen of the country had a debt of Rs 1,20099.
