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| Pak on crossroads | | |
Pakistan is facing the worst ever economic crisis in its history. The prices of essential commodities have skyrocketed and people are coming out on streets to express their resentment against the rise in prices.
The country which groomed terrorists in its backyard for the past so many years is staring at bankruptcy as the people are becoming poor with each passing day. The inflation is on rise and the situation is turning from bad to worse.
Residents of Pakistan occupied Kashmir, Gilgit and Baltistan are looking towards India and are hoping that New Delhi would come for their rescue and free them from tyrannical rulers in Islamabad.
According to media reports the unrest in Gilgit-Baltistan has become a matter of concern for Pakistan as the protestors have been demanding to get united with India. Even the protests have taken place in many parts of the PoK with people demanding freedom from Pakistan.
Jammu and Kashmir witnessing unprecedented development after August 5, 2019—when the Centre announced its decision to abrogate J&K’s special status and divided it into two Union Territories— has made the PoK people restless as they have been deprived of development and progress as Pakistan has treated PoK, Gilgit and Baltistan as its colonies.
If Pakistan is unable to bring down the prices of essential commodities and address the fuel shortage it can lead to civil war in the neighbouring country.
Pakistan’s economic situation has gone from bad to worse to grave within days as its foreign reserves have fallen down to only $4.4 billion. Pakistan’s stock market has also responded with a steep dive. Additionally, the country’s bad credit ratings and uncertain economic standing have also brought the IMF and the World Bank (WB) to a conclusion that it could not give any new loans to Islamabad without first ensuring sustained policies for macroeconomics stability.
If the economy of Pakistan continues to crumble, the day is not far when the neighbouring country would be left with no resources to even meet its daily expenses. The common people are struggling while the elite class is still living a luxurious life.
The frequent protests in the major cities of Pakistan are a precursor of the events that could follow and the civil war looks imminent.
The food insecurity and fuel shortage are turning into monsters that can devour the neighbouring country. Pakistan is paying a heavy price for supporting terrorism and breeding terror. |
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