Islamabad: Another biggest problem has arisen in front of Pakistan, which is facing a financial crisis. The impact of the Russian-Ukraine War between Russia and Ukraine is now beginning to affect the Imran Khan government as well. Due to the increase in the price of oil in the international market due to the war between Russia and Ukraine, Pakistan is facing a shortage of petroleum products. He has only five days’ stock of diesel left.
According to the report of Express Tribune newspaper, Pakistani banks have also placed oil companies in high-risk categories and have refused to give loans. With the decrease in the stock of diesel, the Imran government of Pakistan is also in trouble. On the one hand, the opposition is mobilized, and on the other hand, due to the decrease in the stock of diesel in the country, there is a possibility of a further increase in inflation.
Pakistan’s general inflation, measured in the Consumer Price Index (CPI), is at a 24-month high of 13 percent and prices of almost all commodities are rising. According to Dawn newspaper, this is the highest CPI inflation since January 2020, when it was 14.6 percent.
Pakistan Prime Minister Imran Khan on Sunday hit out at the opposition for moving a no-confidence motion against him, saying he did not enter politics to control the prices of ‘potato, tomato’. Khan told a political rally in Hafizabad in Punjab province that the country will stand against those elements who are trying to topple the government “through money power”.
