Tazaa News latest news updates,
Fitch says Pakistan’s foreign currency credit rating has been downgraded to Triple C from Triple C Plus. According to Fitch, the downgrade is due to an alarming decline in foreign exchange reserves. Fitch says we believe that Pakistan’s foreign exchange reserves will remain low in 2023, with little improvement possible in 2023. The downgrade of the default rating is indicative of the country’s worrisome situation and of course the long-term implications, which could lead to problems. . By the way, the government is fully committed to the loan agreement with the IMF and is trying to implement these conditions and avoid the consequences of its implementation on the financial conditions and problems that arise, in the first place, issued by the Presidential Decree. which he did, but as a result of the meeting between the President and the Minister of Finance, no agreement was reached. As a result, the possibility of approving tax measures worth more than 170 billion rupees will be taken from the parliament. small budget and financial project. All conditions show that the economic scenario of the country is becoming more difficult day by day. There is no good opinion about this in the whole world. However, this country is somehow like this after receiving a loan from the IMF. It is a very difficult situation to save from bankruptcy and it is almost impossible for the government or political parties to get out of this problem. This can only be solved by joint and united struggle. It seems that the IMF also wants the same behavior. Some of the proposed conditions and measures It is much better than the behavior and actions of the great liberators of the country, and finally these difficult proposals should be accepted by the nation. In connection with the briefing to the president on other issues, including the agreement. with the IMF, the Minister of Finance presented the contract economy to the president and said that the contract economy is necessary for the improvement of the country’s economy. It is unusual for the Finance Minister to meet President Alvi after some delay. Later, President Dr. Arif Alvi contacted Imran Khan and had an important conversation about the political and economic situation of the country. However, despite this, instead of increasing the burden of the people, the properties and institutions should sacrifice their part to reduce the burden of the people, but it seems that the government and the elite are once again sacrificing the people. In the current situation, the need to implement the proposed contract economy becomes inevitable, the economic scenario is getting darker day by day, and due to the political instability in the country, there is no such situation where there is no visible progress in this process. If there is progress, the meeting of the finance minister with the president and the possibility of improvement of the situation, it can be hoped that our suffering people will understand the economic problems of the country. The introduction of small budgets and more taxes on the people is a nightmare, which will lead to even more catastrophic inflation. It is strange that the economic strategy of the IMF does not seem to be for the post-debt recovery scenario. No one is paying attention to the situation in Tajikistan. four months of the current financial year and beyond are left and now the temporary struggle is on to bring the country out of these situations. Instead of regretting the conditions of the international organization, we should take responsibility for all our actions. We can face the future worries by understanding the mistakes of the past and correcting the present. This is not visible. .
