Pakistan core issues. Pakistan is suffering from 4 terrible problems at the moment.

 by maran

Pakistan is suffering from 4 terrible problems

Pakistan is suffering from 4 terrible problems at the moment

Pakistan is suffering from four terrible problems at the moment.

1.  Increase in Petrol/fuel Prices
2.  Expensive Electricity
3. Expensive Gas
4. Inflation

1-Increase in Petrol Prices

The first problem is petrol. The price of petrol is increasing all over the world and there is no chance of reducing it in the next three years. Why? Because there are two major exporters of oil in the world - Russia and Saudi Arabia - Russia is fighting a war with Ukraine while Saudi Arabia is building the most expensive city in the world and both need money for it.

Therefore, both of them together increased the price of petrol. The price has increased from 80 dollars per barrel to 120 dollars per barrel and it will increase further. In Pakistan, petrol will cross about 400 rupees per liter and even if this price is lower. Even if it is done, diesel will continue to rise. Why? Because all ships around the world are shifting from furnace oil to diesel due to environmental pollution.

As a result, the demand for diesel will increase many times and hence its price will increase, so we should prepare ourselves mentally, socially and economically, we should use walking, public transport and minimum petrol. It should be ready for use.

2-Expensive Electricity

Second issue is electricity. WAPDA sells electricity worth 3700 billion rupees every year.

589 billion rupees worth of electricity is stolen. To stop electricity theft, a comprehensive system is needed and more money will be spent on this system than theft, and we do not have enough money. Out of this, 2200 billion rupees are paid to the power generation institutions in the form of capacity payments every year. This amount is too much, but we cannot avoid it. Why? Because if we don't pay this amount, the foreign companies will shut down the power plants which will start load shedding.

Pakistan is suffering from 4 terrible problems

Second, these companies will also file cases against Pakistan in the International Court of Justice, as a result of which we will have to pay heavy fines and foreign investment will also stop in the country, and we cannot afford this on our own. "Thump the politicians and civil servants or close the roads and railway tracks but electricity will be expensive on a daily basis and we will have to buy more expensive electricity every month."

The reality is that even if we turn off our meters today, we will have to pay two-thirds of the bill and these will be capacity payment minutes, so be mentally prepared and start thinking about alternatives instead of protesting.

3-Expensive Gas

            Pakistan core issues. Pakistan is suffering from 4 terrible problems at the moment

 Third problem is gas - our local gas reserves have gone far below what we need - we can't live without LNG now and LNG has become expensive and we don't have the dollars to buy it. However, this winter will also be very difficult and expensive and its inflation will continue to increase every year.

Remember that November and December gas bills will make people forget electricity and petrol prices and

4-Inflation

 Fourth problem is inflation - inflation has many causes - population - decline in agriculture - electricity - gas and petrol inflation - dollar Price rise and dependence on imports. There are 25 major causes of inflation. These reasons are also continuously increasing, as a result of which inflation will increase further.

So what option is left for the people? We have only two options

i-                    Saving- so develop saving habit and you must save some thing for future

ii-                  Increasing our income- try alternate method to generate extra money.

Pakistan core issues. Pakistan is suffering from 4 terrible problems at the moment

PAKISTAN FACING SEVERE POLITICAL CRISIS IN APRIL 2023

 By marana

Now a days the Pakistan Democratic Movement (PDM) coalition government of around eleven political parties is in power until August 2023. Imran Khan was ousted from power in April 2022 after losing a no-confidence vote, becoming the first Pakistani Prime Minister to be elected . issued by the National Assembly. Since his ouster, he has been calling for snap polls in the country to remove what he called an "imported government" led by Prime Minister Shehbaz Sharif. Meanwhile, a Pakistani court granted Imran Khan interim bail in seven cases.

The current crisis stemmed from Imran Khan's decision to dissolve the provincial assemblies of Punjab and Khyber-Pakhtunkhwa in January 2023. PTI was in power in both provinces. According to the constitution, elections were supposed to be held in 90 days, but the federal government was reluctant to hold them. As expected, the PDM ruling coalition did not succumb to PTI pressure. Imran Khan led the rally in an unsuccessful attempt to get Sharif to agree to early elections, which are scheduled for later in 2023. Khan has been holding protest rallies across the country to demand early elections, but his successor as prime minister, Shehbaz Sharif, has rejected Khan's demands . Since then, Pakistan has been falling into polarization and one crisis after another. Pakistan faces constitutional crisis over Imran's desire for early elections: The blame game continues as expected.

The federal government opposes early elections. He says elections should be held on the same day the incumbent government completes its constitutional term. The ruling party says that holding elections separately would increase the political crisis. However, both sides admit that the stalemate has led to political instability and a worsening of the economic situation.

The political conflict may lead to a decisive police operation against the Tehreek-e-Insaf (PTI), which may lead to further violence. The PDM government is somehow trying to reduce the great popularity of the PTI party. In March, the oversight committee suo motu pointed out the delay and ordered the Election Commission of Pakistan (ECP) to hold elections in Punjab and K-Initially, the date for the Punjab elections was set on April 30, but the ECP postponed it to October 8. However, this only deepened the crisis , because the parliament refused to bear the costs of the election.

The ruling coalition also took the position that the court's decision would not stand as four of the seven-member panel rejected the suo motu notice. Now the matter is back at the Supreme Court, where a three-judge panel has called for political dialogue to resolve the issue. The Supreme Court then again granted the PTI's plea against postponing the elections and directed the ECP, the election watchdog, to hold the elections on May 14 in any case.

The Supreme Court ruled that its judgment given in the election postponement petition has already fixed the date of Punjab Assembly elections on 14 May 2023. “This judgment stands and therefore its decision is binding on all the judiciary and executive in the country under Article 189 and Article 190 of the Constitution," the order stated. Currently, both the executive and the judiciary have reached an impasse due to the government's difficulty in implementing the Supreme Court verdict ordering the May 14 Punjab Assembly elections.

In its April 4 order, the Supreme Court directed the government to provide Rs 21 billion to the ECP to conduct elections in Punjab and Khyber Pakhtunkhwa by April 10 and directed the ECP to submit a report to the court on whether the government followed Order 11. April. However, the government referred the matter to the parliament, which defied the orders of the ÚS and refused to release the funds.

pakistan political crisis

The court then issued notices to the Finance Secretary, Governor SBP, Attorney General for Pakistan (AGP) and the ECP, directing them to appear before the bench on April 14. It also directed the SBP to provide a record and details of all federal government money under or under the control, management or direction of the bank. After hearings in chambers, the court issued an order directing the SBP to release Rs 21 billion from the FCF for the elections.[5]

The court also saw that the required funds could be made available to the Election Commission of Pakistan (ECP) "immediately and within a day". It also noted that there were "absolutely no difficulties or hiccups, whether financial or procedural or in terms of the relevant authorization by and under the Constitution" in the immediate release of the funds in question.[6] Later, on 19 April 2023, while hearing a petition for holding general elections to national and provincial assemblies simultaneously across the country, the Chief Justice of Pakistan (CJP) asked political leaders to negotiate to end the impasse.

The PDM government and the extremely powerful army do not want the election on the appointed day at all. So the election deadline can be extended to make elections possible. Otherwise, it may not even be May 14. Today, the Supreme Court also summoned the leaders or representatives of all political parties. There is still room for some political compromise. Due to the immense power of the military, it must also be involved behind the scenes in a major compromise. The focus must be on peaceful, fair and just elections. Meanwhile, time is running out for Pakistan's ruling elite. Only external intervention can now solve the country's significant crisis. The court called elections in Punjab for May 14 after declaring the postponement of the vote unconstitutional and rejecting the defense ministry's request that elections be held simultaneously across the country at a later date instead, amid worsening security and economic conditions.

pakistan economic crisis 2023

Today, Pakistan is at a historic crossroads like never before in history. Pakistan is facing a serious political crisis. Only court verdicts calmed the volatile situation. Regardless of the apparent inclination of Pakistan's PDM government not to hold elections as per the Supreme Court verdict, people are demanding them in accordance with the law. Attempts to crush opposition forces no longer make sense. Is Pakistan falling into direct military rule? National institutions are fighting over the issue of regional elections and the powers of the President of the Supreme Court. The legal fraternity of Pakistan expressed its full support to the Constitution and the Supreme Court of Pakistan and demanded that the elections to the Punjab and KP Assemblies be held immediately, in accordance with the dictates of the Constitution and the orders of the Supreme Court. The Welcome development legal initiative is also supported by a number of human rights groups. However, the PDM government and the military think otherwise. High tension in Pakistan

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UAE confirms gift of $1 billion bilateral support to Pakistan to IMF:

 by web desk

UAE confirms gift of $1 billion bilateral support to Pakistan to IMF:

The finance minister says that Pakistan is now dealing with the necessary documentation to take over the advance from the UAE authorities Finance Minister Ishaq Dar announced on Friday that the United Arab Emirates (UAE) has confirmed $1 billion in bilateral support to Pakistan to the International Monetary Fund (IMF), the final condition for finalizing staff-level agreements with the IMF.

The finance czar said on his official Twitter account that the State Bank of Pakistan is now "engaged with the necessary documentation to take over the said advance from the UAE authorities".

Meeting of the IMF term and conditions

At an earlier meeting, Pakistan had strongly urged the IMF to show some flexibility and sign a staff-level agreement, but failed to agree a date despite Islamabad's growing fears of the fallout from a worsening economic crisis.

The request was made by Finance Minister Ishaq Dar in a virtual meeting with Jihad Azour, director of the IMF's Middle East and Central Asia Department. However, the minister could not achieve the desired result, as the IMF again raised the issue of gasoline subsidies and possible fiscal leakages due to the implementation of the subsidy plan.

UAE confirms gift of $1 billion bilateral support to Pakistan to IMF:

The two sides shared their positions on external funding requirements of $6 billion – the amount Pakistan needed between now and June to avoid default.

The IMF was informed that Saudi Arabia had confirmed a $2 billion loan to Pakistan and Dar assured that the UAE would soon confirm its commitment to provide $1 billion.

$6 billion funding plan remains elusive

The two sides also discussed the progress made in the IMF programme, particularly the talks held with the IMF mission during its visit to Pakistan, and the implementation of previous measures, a press statement issued by the finance ministry said.

During the first eight months of this fiscal year, the current account deficit remained at $3.9 billion. Dar assured the IMF that Pakistan would secure an additional $2 billion loan from the World Bank, Asian Infrastructure Investment Bank and commercial banks if the fund signs a staff-level agreement.

UAE confirms gift of $1 billion bilateral support to Pakistan to IMF: