$ 1.2 billion luxury cars are being imported amidst the crisis, know what is the whole matter

Pakistan Economic Crisis: There is an atmosphere of economic crisis in Pakistan. The people there are yearning for basic things due to financial constraints. A recent report claims that luxury cars and high profile electric vehicles are being imported despite the bad situation. 

According to a report in The News International newspaper, Pakistan has spent $1.2 billion on the import of transport items like luxury cars and electric vehicles during the last six months despite being short of cash.

Non-essential purchases

Continuously trying to ask for loan from IMF 

After the report of vehicles worth $1.2 billion came to the fore, many concerns have been raised about the Pakistani government’s policy of stopping imports from the area of ​​technology and commerce and spending huge amount on luxury cars and other vehicles. The report comes at a time when talks between Pakistan and the International Monetary Fund (IMF) are set to begin next week amid falling foreign exchange reserves.

Moreover, if the IMF program is not restarted within a few weeks, Pakistan will sink faster. According to Geo News, the country has already contacted the International Monetary Fund to inquire about the process and complete its ninth review.

Read also:Afghanistan: Severe cold is falling in Afghanistan, till now 157 people died in January, 77 animals also died

Leave a Comment

Your email address will not be published.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