Pakistan at Risk of Default as Indian Foreign Reserves Skyrocket

By Syed Bilal Izzat Naqvi…
LAHORE: Former Prime Minister Imran Khan recently warned the nation that it was on the verge of default, with foreign reserves at an all-time low of just 3.6 billion dollars. This news has been made even more alarming in comparison to India’s impressive foreign reserves, which have risen to over 600 billion dollars.

The dwindling amount of Pakistan’s foreign reserves is a cause for concern, as it does not have enough liquidity to meet its current payment obligations. This could potentially lead to an economic crisis and a possible default on debt repayments, with disastrous consequences for the country.

In an address to his nation, Former Prime Minister Khan explained that free and fair elections are essential for achieving economic stability in Pakistan. He noted that free and fair elections would allow for a more transparent and accountable government, which is necessary for any kind of meaningful economic recovery. He also warned against corruption and other forms of political interference that could undermine the process of conducting free and fair elections.

No comment

Leave a Reply

Your email address will not be published. Required fields are marked *