Tuesday, April 13, 2021
Home News Reports Pakistan PM Imran Khan uses Coronavirus outbreak to whine about the economic crisis back...

Pakistan PM Imran Khan uses Coronavirus outbreak to whine about the economic crisis back home, seeks debt waiver for his ‘vulnerable’ country

“My worry is poverty and hunger,” Imran Khan said speaking about the cash-strapped nations like his.

The Pakistan Prime Minister Imran Khan has urged the international community to consider for a debt waiver for poor and vulnerable countries like his. During the interview with The Associated Press, Khan claimed that the coronavirus will devastate the economies of developing nations, and as a result, richer economies must write off the debts of the world’s poorer countries which includes Pakistan.

“My worry is poverty and hunger,” Khan said. “The world community has to think of some sort of a debt write-off for countries like us, which are very vulnerable, at least that will help us in coping with (the coronavirus).”

Using the Novel Coronavirus outbreak as an excuse, the Pakistan PM whined that if a serious outbreak happens in Pakistan, he’s worried that his government’s efforts to lift the ailing economy out of near-collapse would begin an unstoppable slide backwards. Exports would fall off, unemployment would soar and an onerous national debt would become an impossible burden, Khan said.

However, this time, for a change, what Imran Khan has said about his cash-strapped country is nothing but the truth. Even as Pakistan grapples to save itself from the spread of deadly coronavirus, Imran Khan’s government also has severe economic crisis back home to take care of. His Naya Pakistan is incidentally in a war with itself as it deals with its debt-ridden economy.

The cash-strapped nation is currently grappling with the worst financial crisis in its history. The recently published World Bank report, which had retained its projection of India’s growth at 7.5% per annum for the next three fiscal years had predicted the growth of South Asia countries except for Pakistan, whose growth it is set to drop at 2.7% in the FY19-20.

Such is the gravity of the economic crisis in Pakistan that on the occasion of Eid, PM appealed to the people of Pakistan to stand united and help overcome the dire economic situation.

Since the time of his election as Pakistan Prime Minister, Khan has been negotiating with world leaders to winkle out bail packages and temporarily assuage the looming economic disaster without much help. A conducive environment for terrorism to spawn and flourish has also added to the woes of Pakistan as investors have remained away from the terror-prone country.

Pakistan is in desperate straits as economists’ predict its economy is on the brink of collapse. Its impoverished condition is, in fact, no laughing matter. The ‘Trade and Development Report 2019’ released by the United Nations on Thursday has also said that Pakistan’s economic crisis has not been resolved despite the fact that support from China and Saudi Arabia and a large IMF loan have helped address the immediate problem.

In a brief comment on Pakistan in the Asia section, UNCTAD’s annual flagship report went on to say that “Pakistan is in the midst of a crisis” as the growth rate has halved, the balance of payments is in poor shape, the rupee has depreciated significantly and external debt is large and rising.

While Pakistan Prime Minister Imran Khan has been busy bickering and whining like a toddler over Kashmir, his already cash-strapped country has been slipping further into a deeper economic crisis. The beggar country has been crying over the rising price of ‘roti’ and ‘naan’, tomatoes and milk. If things continue this way, the day is not far when the Google search engine’s controversy which throws up images of Imran Khan when one searches for “bikhari”- a Hindi word that means “Beggar”, might just change into a crude reality.

Nevertheless, for a country which needs to hold cabinet meetings to discuss increasing prices of Rotis and Naan, they have been threatening India with nuclear war, not once but thrice since India has repealed Article 370 in Jammu and Kashmir.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Constant ‘beheading’ threats by Islamists: Hindus come out in large numbers to support Yati Narsinghanand Saraswati, demand security for him

Enraged by the Muslim politicians and religious groups openly issuing death threats, Hindus come together to support Yati Narsinghanand Saraswati.

Here’s why lockdown is no longer an option and imposing another at this point makes no sense at all

Not imposing a lockdown may be a bad choice but imposing it to combat Covid-19 will prove to be infinitely worse.

Japan to release treated water from Fukushima nuclear plant into the ocean: USA, IAEA support, China condemns

Japan has long delayed the decision to dispose of the wastewater from the Fukushima Daiichi nuclear plant over criticisms and safety concerns.

The direct fall-out of not implementing farm laws: Punjab Farmers say Arhtiyas asking for signed blank cheques for helping in crop procurement

Farmers across Punjab are being told by their arhtiyas to furnish "signed blank cheques" if they want to get their produce auctioned in the mandis

What happened in Chhabra after Hindu man was stabbed by Muslim men: Call for peace, attack on a Hindu the next day and more

On April 12, the administration extended curfew for one more day at Chhabra, Baran district in Rajasthan after the communal riot

Uttar Pradesh: Gyanvapi mosque management committee seeks a stay on ASI survey, Sunni board supports them

The Gyanvapi mosque management committee had filed an urgent petition in Allahabad High Court seeking a stay on ASI survey of Gyanvapi mosque complex.

Recently Popular

Pfizer wanted Brazil, Argentina to put military bases, Federal reserve as collateral: Why India kept Pfizer away and how the usual suspects are wrong

Pfizer has been accused of countries in Latin America of pledging their sovereign assets, military bases and financial reserves to protect itself from any adverse fallout of the vaccine

After explosive Clubhouse confessions, Prashant Kishor starts building ground to blame only Mamata Banerjee if Bengal is lost: Here’s how

While trying to fire-fight fall-out from Clubhouse conversation, Prashant Kishor has set narrative to blame Mamata Banerjee and TMC for West Bengal loss

Attempts to draw false equivalence between the Kumbh Mela and Tablighi Jamaat congregation do not make sense: Here’s why

Attempts are being made to draw false equivalences between the Kumbh Mela and the Tablighi Jamaat congregation last year.

India has to become a ‘Hindu Rashtra’, or it will be turned into an Islamic nation by 2030: Kerala MLA

"Can we let this nation (go) to any particular community? This needs to be discussed. Somebody has to speak up," PC George emphasised.

Shops burnt, stones pelted on police in Baran, Rajasthan after 3 Muslim men stabbed one Kamal Singh: What we know so far

Shops burnt, police personnel injured, stone pelting, fire department vehicles attacked in Chhabra, Rajasthan.

OpIndia Exclusive: Tata Communications suffers data leak, hackers claim to have sold access to company’s servers, over 50GB data still up for sale

As per two posts by hackers on a hackers' forum, they have gained access to Tata Communications servers and sold them.
- Advertisement -

 

Connect with us

254,077FansLike
528,799FollowersFollow
24,200SubscribersSubscribe