Pakistan’s Economic Condition Is Very Bad, Imran Khan Admitted
Pakistan’s economic condition is very bad, Imran Khan admitted that the next three months are very worrying.
The economic condition of Pakistan is deteriorating continuously, now the Prime Minister himself has accepted this fact.
According to local media, Imran Khan has admitted that the next three months could be very worrying for the Tehreek-e-Insaf government as the country is facing severe inflation.
According to the media reports, Imran Khan on Thursday accused the previous governments of the country, saying that the biggest failure of the present government is the lack of accountability of the previous rulers.
He also said that most of his government’s efforts are not being advertised properly.
Inflation is touching the sky in the country, which is having the biggest impact on food and essential goods.
Pakistan’s economic condition is very bad: Due to this, the condition of low and middle-income families is getting worse.
In a country like Pakistan, where most households spend more than half their income on food, rising costs of transportation, petrol, electricity, and indirect taxes.
This raises concerns about a possible increase in hunger, poverty, and malnutrition, according to the DAN report.
According to World Bank (WB) estimates, poverty in Pakistan increased from 4.4 percent to 5.4 percent in 2020 after more than two million people fell below the poverty line.
As reported by The News International, using the lower-middle-income poverty rate, the World Bank estimated that the poverty ratio in Pakistan was 39.3 percent in 2020-21.
It’s projected to remain at 39.2 percent in 2021-22 and 2022. By -23 it may come down to 37.9 percent.
According to data presented by the Imran Khan-led Pakistan Tehreek-e-Insaf government in the National Assembly.
Meanwhile, reports have also suggested that most of Pakistan’s major cities do not have safe drinking water for citizens