News India Live, Digital Desk: Pakistan is already suffering from economic crisis and high inflation. Meanwhile, after the Pahalgam terror attack, India has decided to impose a trade ban, which is likely to increase the difficulties of the neighboring country.
Tension between India and Pakistan increased
After the Pahalgam terror attack, India and Pakistan The tension between is constantly increasing. Soon after the attack, due to the decisions taken by India, on the one hand, Pakistan will have to face lack of water, on the other hand Business The closure of bilateral trade of about Rs 3800 crore will come to a standstill. Already, from medicines to Pakistanis, from medicines to everyday things, needs Purchase It can be difficult, which can increase the prices of these items significantly.
Break on 3800 crore business
According to a report, there was a bilateral trade of Rs 3838.53 crore between India and Pakistan through the Wagah border at Attari last year. This figure of the Indian Land Pile Authority also includes goods coming to India from Afghanistan and other countries via Pakistan. In view of the Pahalgam terrorist attack, India has decided to close the checkpost in the Attari, which will prevent this trade.
There will be a shortage of these items including medicines
In trade between India and Pakistan, large amounts of medicines, chemicals, fruits and vegetables and poultry feeds were sent from India to Pakistan. On the other hand, many items including dried fruits, gypsum and rock salt were imported from Pakistan to India. Now, due to the border sealing, there is a possibility of lack of medicines and other essential commodities in Pakistan, which will significantly increase the prices of these goods and the effect of inflation will become more serious. According to a report, Pakistani health officials have introduced emergency measures to ensure the supply of drugs in response to the suspension of trade relations with India. The report states that Pakistan is currently dependent on India directly from 30% to 40% of its pharmaceutical raw materials.
Treasure empty, inflation at its peak
Pakistan has been struggling with economic crisis for a long time and has been continuously seeking help from the IMF and the World Bank to get out of this crisis. Although there has been some improvement in the country’s government treasures, it is not enough to deal with the current situation. If we look at the data of State Bank of Pakistan (SBP) foreign exchange reserves, it is about $ 15.75 billion. On the other hand, India’s foreign exchange reserves are $ 686.2 billion. Pakistan is also unable to buy essential commodities due to empty treasures, yet it is threatening to war with India.
Inflation warns in Pakistan
Although there has been some improvement in inflation in Pakistan, the current situation is such that everything from flour, rice to chicken People Is out of reach You can guess it by looking at the following prices:-
| object | Price (in Pakistani rupee) |
| Cock | 798.89 PKR/kg |
| Milk | 224 pKR/liter |
| Bread | 161.28 PKR/500 grams |
| Rice | 339.56 PKR/kg |
| Eggs | 332 PKR/dozen |
| Apple | 288 PKR/kg |
| banana | 176 PKR/kg |
| orange | 216 PKR/kg |
| Tomato | 150 PKR/kg |
| Bataks | 105 PKR/kg |
| Onion | 144 PKR/kg |
India’s steps will affect the common people for Pakistan, which is facing inflation. The prices of food grains and daily requirements items can once again touch the sky. The average inflation rate in Pakistan in 2024 will be around 24 percent and is now expected to increase further.
The impact of India’s decisions is visible
After the Pahalgam attack, the impact of the decisions of the Government of India in the action mode has started appearing on Pakistan’s stock market and the people there. The stock market continues to decline, causing investors’ capital sinking. On the other hand, the decision to suspend the Indus Water Treaty, which came into force in 1960, has created a major problem of water crisis in Pakistan. Talking about water inflation, according to the report, the price of a water bottle in Pakistan is about 105 Pakistani rupees Is .
The post chicken 800, rice Rs 340 kg: India’s business ban will get a big shock to Pakistan in economic crisis! First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
