According to experts, its ‘economic mismanagement’ is the biggest reason for Pakistan’s poverty. Whether it is Imran or Shahbaz in the government, the government of Pakistan has always proved to be a failure on the revenue front. The attention of the government never went towards reducing the revenue deficit. They kept selling important things like petrol-diesel at cheap prices with huge subsidies to please the people. Ultimately, Pakistan was drowned by its ‘free eating’ culture.
Heavy burden on the people, China’s friendship
The people of Pakistan are now paying the price for the ‘expensive’ friendship between Pakistan and China. Pakistan has taken 30 percent of its total foreign debt of $ 100 billion only from China. The government of Pakistan spent the loan taken from foreign countries in the construction work instead of the public. In its own country, the Government of Pakistan continued to spend resources for infrastructure construction at the behest of China. The best example of this is the China-Pakistan Economic Corridor. If the government would have used these resources for the people, then today people would not have to face the shortage of electricity.
Believing of ‘Pakistan’s Ambani’, Shahbaz does not become a beggar in Pakistan
Expenditure on army, money of public’s bread
Every country spends a major part of the budget for its security. But Pakistan spent more money than necessary in this direction. Due to this the army became more powerful and the people got trapped in the mire of poverty. This is the biggest reason for Pakistan’s poverty. Pakistan’s political crisis is the root of the present difficult times. There is no opposition in the country’s parliament, so the accountability of the government is zero. Terrorism also has a big hand in Pakistan’s plight, which has been promoted by the Pakistani army itself over the years.