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Pahalgam Attack hits Pakistan Economy: Pakistan is already immersed in heavy debt. Pakistan’s economy, which reached the verge of bankruptcy from 2022, was now slowly coming on track. The reason for this is on the one hand, while in March this year, the IMF approved it for a loan of $ 2 billion, according to Pakistan Bureau of Statistics, inflation fell to 0.7 percent.
This was the biggest decline in inflation in Pakistan in the last nearly three decades, which is indicating an economic recovery after reaching a record level of about 38 percent in May of 2023.
In such a situation, the attack in Pahalgam in Jammu and Kashmir is going to prove to be suicidal for the economy of Pakistan coming on track. After this terrorist attack, India has announced to take many such steps, including cancellation of the Indus Water Agreement, which may face a huge economic crisis and can cause its economy to be bothered.
Suicide steps for Pahalgam Pakastan
The Government of India announced to stop bilateral trade after the Pahalgam attack as well as cut diplomats, cancel the SAARC visa and put a brake on the Indus Water Agreement. India’s move is expected to put more pressure on Pakistan’s fragile economy before.
A report by the recently which has been said that in this financial year, there will be a crisis of hunger in Pakistan in front of about one crore people. In such a situation, information about further deterioration of Pakistan’s economy, which is already struggling with tightness, is expressing apprehension. In addition, Pakistan’s inflation may also increase. The central bank of Pakistan hopes that the average inflation of the country in the financial year on June 2025 may remain between 5.5 per cent to 7.5 per cent.
Rice getting 340 rupees
According to reports, the prices of vegetables, fruits, flour-rice and other food and drink in Pakistan are touching the sky. Rice has reached about Rs 340 per kg while the price of chicken has come to Rs 800. In such a situation, the economic situation of India and Pakistan is being raised and the possibility of becoming serious.
On the one hand, while the AMF report released on April 22 has been estimated by 3 percent to 2.6 percent of Pakistan’s GDP growth, the World Bank report states that the poor climate situation can cause damage to the major crops like rice and maize and this will affect the people living in rural areas.
The things that Pakistan exported to India has chemicals, philosophers, medicines, churning feeds and dry fruits. In such a situation, due to the ban on business, there will be a huge shortage of these things in Pakistan and this will directly affect the lives of the people there.
Ax on your feet
Pahalgam After the attack, Pakistan is engaged in hurting its economy in every way and is hitting an ax on its leg. Now Pakistan has stopped its aircraft for Indian aircraft and by doing so it has stopped earning crores of dollars. Reports tell that after the Pulwama attack in 2019, he took a similar step and had damaged about 100 million Dr.ul. During that time around 400 flights were affected daily. Due to this, Pakistan’s Civil Aviation Authority and Pakistan International Airlines suffered a lot of economic loss.
