The Champions Trophy is being played in Pakistan. The host teams have been ruled out of the tournament after a crushing defeat to Pakistan New Zealand and India. On the one hand, the country is disillusioned with cricket. On the other hand, bad news for Pakistan has also come out on the economic front. This news is related to the tax deficit of the country. Pakistan has suffered a loss of 606 billion rupees in the last eight months.
Inflation is increasing continuously in the country.
Pakistan is in crisis due to its economy. Inflation is increasing continuously in the country. Meanwhile, news has come about Pakistan’s tax deficit. According to media reports, Pakistan’s tax deficit has increased to 606 billion rupees in the first 8 months of this financial year. This is increasing the pressure on the authorities to violate the commitments made to the International Monetary Fund (IMF).
Has faced a huge loss of 606 billion rupees
The IMF had provided a loan of US $ 7 billion to bring the country’s economic condition back on track, but had several conditions for loan recovery. Pakistan’s Federal Revenue Board (FBR) has faced a huge loss of Rs 606 billion against the target of Rs 7.95 trillion for July-February. However, FBR has collected Rs 1.65 trillion more than the previous year, which is a notable achievement in the economy, which had less than 1 percent of the growth rate in the first quarter.
Pakistan’s economy will take some time to get back on track.
The World Bank has announced that economic stability in Pakistan is increasing. According to the monthly forecast report of the Finance Ministry, Pakistan’s consumer inflation is expected to be stable in February and a decline in compared to the previous year. In January, inflation has decreased with the Consumer Price Index (CPI) being 2.4 percent. This clearly means that the situation in Pakistan has now improved to some extent. But the situation in the country is still not completely correct. It will take time for the economy to get back on track.
