Pakistan Economy Down

On August 05 2019 on Monday, Interior Minister told India’s parliament that the central government would scrap Article 370, a constitutional provision that grants special status and allows the Indian state of Jammu & Kashmir to make its own laws.

It Put an end to Kashmir’s special constitutional status, arguing that such laws had hindered its integration with the rest of India.

Meanwhile, a reorganization act was approved, which had changed the Jammu and Kashmir status into two union territories Jammu and Kashmir and Ladakh, which came into effect from October 31, 2019

Pakistan on Monday slammed India’s move of revoking Article 370 of its constitution, saying that New Delhi’s unilateral move could not change the nature of the Kashmir dispute.

Sharif said even smaller economies had surpassed Pakistan, "and we have been wandering for the past 75 years carrying a begging bowl".

The World Bank (WB) has delayed approval of two loans worth $1.1 billion until the next fiscal year for Pakistan.

The Pakistani’s coalition government is already struggling to revive the International Monetary Fund (IMF) programme

Pakistan is going on the path of ‘bankruptcy’ and has resumed its five decades-old practice of pleading for funds from other countries

In an Interview to Al Arabiya News Channel Pakistan Prime Minister Shehbaz Sharif told,

"We have learnt our lesson, and we want to live in peace with India, provided we are able to resolve our genuine problems,"

Pakistan Prime Minister Shehbaz Sharif has called for "serious and sincere talks" with Prime Minister Narendra Modi on "burning points like Kashmir."

Though Pakistan is constitutionally a democratic parliamentary republic, the military has been in charge for half of its 74-year-long history

He also called for dialogue with India on the matter if article 370 is restored, and said that the Jammu and Kashmir issue can only be resolved through talks.

Leaders of Imran Khan's party, the Pakistan Tehreek-e-Insaaf, are sharing a clip of PM Modi to slam the Shehbaz Sharif government over Pakistan's financial crisis.

The video shows PM Modi's speech in Rajasthan's Barmer during his campaign for the 2019 general election. "We destroyed Pakistan's arrogance, forced them to go around the globe with a begging bowl," the Prime Minister says.

even though the comments were made when Imran Khan was in power.

Former Pakistani Prime Minister Imran Khan has once again commended India for its independent foreign policy as he slammed the West for being critical of India for buying Russian oil

Pak PM added, we have had three wars with India, and they have only brought more misery, poverty, and unemployment to the people. We have learnt our lesson, and we want to live in peace.

Pakistan Institute of Development Economics says that over 31% of Pakistan's youth are currently unemployed, out of this, 51% are females, 16% are males, with many of them holding professional degrees

Due to huge currency depreciation and faulty policies of the Shehbaz Sharif-led Pakistan government, the country’s debt jumps to a record high of USD 60 Billion

But it turns to USD 130 Billion for the Past 7 Years.

Former finance minister Hafeez Pasha Tuesday claimed that Pakistan generates only Rs3 billion from 80,000 landlords on an income of Rs900 billion, while the poor people pay Rs120 billion in taxes on food and beverages.

The World Bank (WB) has delayed approval of two loans worth $1.1 billion until the next fiscal year for Pakistan, which is contending high external debt and low foreign currency reserves

The Pakistani’s coalition government is already struggling to revive the International Monetary Fund (IMF) programme

The IMF agreement binds Islamabad to charge a levy of (Pakistani) Rs 50 on petroleum prices. While the government is currently charging a Rs 50 petroleum levy but on diesel it is Rs 25 on diesel. "Based on the agreement with the IMF, Pakistan must jack up the levy on diesel to collect the additional revenue," Pakistan Observer said

Former finance minister Dr Hafiz Pasha on Tuesday warned that inflation in Pakistan may soar to 70 per cent in the event of a default.

Due to the International Monetary Fund (IMF) stringent requirements, inflation will still increase to at least 35 per cent even if the loan from international lender is restored

Pakistan is currently staring at one of its worst food crises in years. The country is reportedly facing a shortage of wheat grain in different parts of the country, local media reports have stated

Several videos of people fighting over wheat sacks and people protesting on the streets for food have surfaced on social media platforms. Wheat and flour-loaded mini trucks can be seen escorted by armed guards to avoid clashes with beneficiaries

India taught major lessons to Pakistan

On this day in 2019, the Government of India, in one fell swoop, invalidated the separate status, or autonomy, granted under Article 370 of the Indian Constitution to Jammu and Kashmir

India showing heavy counter attacks for Pakistan’s Cross Border Terrorism.

Following the 2016 Uri terror attack, India cancelled its participation in the 19th SAARC summit, alleging Pakistan's involvement in the terror attack

Subsequently, Bangladesh, Afghanistan, the Maldives and Bhutan also refused to attend the summit,

Less than two weeks before Pakistan army chief General Qamar Javed Bajwa's tenure is about to end

The change in fortune of Bajwa's daughter-in-law Mahnoor Sabir is equally amazing

"The total worth of a young woman's declared assets was zero in the last week of October 2018, it jumped to more than one billion (Rs 1,271 million) just one week before her marriage on November 2, 2018," Ahmad Noorani wrote

Pakistani journalist Ahmad Noorani has unearthed a damaging report has shed light on the sharp rise of wealth of close family members of the most powerful person in the country in a span of six years.

The current market value of the - known - assets and businesses within Pakistan and outside accumulated by the Bajwa family during the last six years is more than Rs 12.7 billion," Noorani wrote.

Within six years, both families become billionaires, started an international business, purchased multiple foreign properties, started transferring capital abroad, become owners of commercial plazas, commercial plots, huge farmhouses in Islamabad and Karachi, an immense real estate portfolio in Lahore, and so on

Based on tax returns and other financial statements, the Pakistani journalist noted how between 2013 and 2017, Bajwa revised the wealth statement for 2013 three times, after being appointed country's army chief

"In the revised wealth statement for the year 2013, General Bajwa added a commercial plot in phase VIII of DHA Lahore. He claimed that in fact he had purchased this plot back in 2013 but forgot to declare. He would continue to forget for the next four years and could only remember his omissions in 2017, one year after becoming army chief," he wrote in Fact Focus.

From these we came to know for few peoples Luxurious Life, The Entire Pakistan’s People destroyed totally.

Amidst news of flour and food crisis across Pakistan, the Pakistan Occupied Kashmir (PoK), Gilgit Baltistan (G-B) is again making headlines as residents are furious over the discriminative policies of the Pakistan government that has exploited the region for several decades and are now demanding a reunion with India in Ladakh

Tehrik-e-Taliban Pakistan (TTP) is the largest militant organization fighting against the state in Pakistan. According to the UN, the TTP also boasts several thousand fighters in Afghanistan, with strongholds on both sides of the Afghanistan-Pakistan border

Pakistan's economy is controlled by a ruthless business conglomerate - the army, that owns everything in the country, from factories and bakeries to farmland and golf courses

US Secretary of State Antony Blinken has defended US military sales to Pakistan amid criticism from India, which says it is the target of a $450m F-16 fighter jet deal between Washington and Islamabad

Truth is U.S. doesn’t like the Victory of Kargil by India.

India conducted a series of nuclear tests in May 1998, demonstrating its capacity to use nuclear energy for military purposes, U.S. never like this.

When Joe Biden denied India space tech, called it 'dangerous', US delayed India's space programme

Pakistan is South Asia’s weakest economy, the World Bank said, adding that the country’s economic growth will slow further to 2 per cent during the ongoing year. This will mark a drop of two percentage points from its June 2022 estimate

Pakistan’s forex reserves have hit a new low of USD 4.6 billion that would be barely adequate to pay for foreign bills for three weeks