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Pakistan Slipping Forex: Of Jammu and Kashmir Pahalgam After the terrorist attack, the kind of action India has taken, after that the economy of Pakistan has already been going through a period of trouble. Due to this, not only is it getting dent in its foreign exchange reserves with rapidly, but after this stress, he has to bear the huge loss of it. Pakistan closed its aircraft for India, stunned by the diplomatic action taken by India. By doing this, he has killed an ax on his own feet.
Pakistan’s bet is turning back
Pakistan’s aim for shutting down aircraft for New Delhi was to hurt India economic. But by doing so, he also lost the foreign currency that was coming as earnings. In 2022, Pakistan reached the verge of bankruptcy, but after a $ 2 billion relief package from the International Monetary Fund in the month of March that year, its economy returned to a slight track. However, the current situation has turned it down on all his work.
This is also being tested in Equity Strategist Kranti Bathini in the wealth mills Securities Private Limited. He says that the economy of Pakistan goes through a period of tightness. The country is being run by taking loans from many global agencies. In such a situation, due to the increase in any kind of pleasant stress, there will definitely be a deep pressure on his economy. Moody also gave some similar indication and said that if the situation worsened in any way, it will have a very bad effect on the economy of Pakistan.
Aispace empty, foreign currency tension increased
Ever since Pakistan has decided to shut down its aircraft for Indian aircraft, since then it has affected not only Indian Airlines but many global aircraft. Due to the increasing tension of the two countries, many international aircraft have opted out of Pakistan’s aircraft. This directly means that he is not getting the fees coming from foreign aircraft. As foreign currency, he used to earn a lot from aircraft.
It is worth noting that even after the Pulwama terror attack in 2019, Pakistan had decided to close its air space for Indian aircraft, taking similar steps. After this, he suffered a huge loss of about $ 100 million. At that time, about 400 aircraft passed daily. According to estimates, there was a loss of $ 2,32,000 and a total of Rs 7,60,000 as a daily airport.
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