External debt 126 billion dollars, who will pay??

Since the establishment of Pakistan, Pakistani governments have continued to take loans and today the country has become economically depressed by paying the interest on these loans and more loans are being spent on paying the interest on the previous loans. Where did the loans go, on which no government has set up any committee to tell the nation where these loans have gone, the industry in the country has ended, the fleet of the textile industry has sunk, major sectors like PIA railways have been destroyed. No one from outside comes here to invest to set up a new industry. Politically, the country is suffering from instability and these debts are still to be paid from above. Those who took these loans are in the fun and the nation is in debt child after child. It is time to hold them accountable who took these loans and instead of putting the country on their families, their businesses and their parties. Instead of adopting a system of austerity in the country, which we cannot afford, this question must be raised in this election. It is the right of every citizen to ask who will pay these debts. will do because the number of families below the poverty line has increased to more than 10 crores and two crores are in need of bread, crores of people do not have the facility of home, electricity, water and gas are not equal to oil products. The country’s reserves have been taken out, but due to external dependence, the situation is bad here. The nation did not think, if this question is not asked, then once again we will be victims of the situation like Sri Lanka. The countries around us are traveling to the moon. People are in need of two-time bread Experts have expressed concern over Pakistan’s mounting debt and warned the government that if immediate steps are not taken, the country will become economically bankrupt.

Pakistan’s external debt has exceeded $126 billion and the country will have to repay more than $95 billion in principal and interest by 2059. This revelation comes at a time when the country is in dire straits. is suffering from financial and economic difficulties and many circles of the country are claiming that a situation like Sri Lanka may arise in the country. “The debt is unsustainable,” says Dr. Qais Aslam, an economic affairs expert from the University of Central Punjab. These loans are unbearable for Pakistan. He told DW, “During the era of General Musharraf, some economists were of the opinion that debt D. PK should not exceed 60%. But now it is close to 90 percent, which is dangerous because Pakistan does not have the ability to discharge these debts.” According to Dr. Qais, “Pakistan’s exports are decreasing. Due to high cost of production, industries are closing down and people are abandoning agriculture. Due to this the revenue is decreasing further. If the revenue will decrease further, how will the country repay the loans? He expressed fear that there will be a big inflationary storm in the country. “The IMF, the World Bank and the international financial institutions are only concerned about repaying the loans,” he added to DW. Due to which we have to devalue the rupee. Profitable enterprises have to sell. Petrol, diesel and interest rates have to be increased. Which also damages the economy and increases the difficulties of the common man.

According to Dr. Shahida, “Pakistan’s debts are unsustainable from 2019. Solving this problem is not easy, but if we get rid of global financial institutions, strengthen local industry, tax the rich, stop importing luxury products and end extravagant spending, we are on the way to solving the problem. can grow.’ It is a time-honored requirement to follow the advice of experts. Without adopting a simple lifestyle and a simple governance, neither debts can come down nor the country will be able to move forward. All the political parties will first take measures to strengthen the country economically, then matters can be decided as to who should get the right to rule, the people cannot afford to continue in poverty anymore. Go and he will not get electricity, gas, water, facilities and external loans will also be stopped at last. Avoid this time and improve your economic condition instead of playing elections