Pakistan Gets IMF Loan And Spend 40 Crores To Hoist The Highest Flag - Prag News
Friday, September 29, 2023
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Pakistan Gets IMF Loan And Spend 40 Crores To Hoist The Highest Flag

Pakistan National Flag: Pakistan, which is suffering from economic poverty, was standing on the verge of default, but after receiving the bailout package from the International Monetary Fund (IMF), there is hope of improvement in the situation. In the last few months, it had come to the point that people were looting for free ration. The public was yearning to meet the basic needs. But now Pakistan has got help from IMF. In such a situation, the government of Punjab province has decided to hoist a 500 feet high national flag on Pakistan’s 76th Independence Day (August 14). Its cost will be around 40 crore Pakistan Rupees (PKR).

It is worth noting that recently IMF has approved a bailout package of $3 billion to Pakistan, after which Pakistani officials have taken this decision. According to the report of Geo News, this flag will be hoisted at Liberty Chowk in Lahore Chowk, Pakistan. Please tell that he has done such things before. In the year 2017, Pakistan hoisted the highest 400 feet high flag in South Asia at Attari Wagah border. The 120×80 feet flag was the largest in Pakistan’s seven-decade-old history.

Pakistan is already burdened with debt

Explain that the funds given by the IMF to stabilize Pakistan economically will be released in nine months. Along with this, Punjab province needs at least Rs 2,000 crore in the next two years to repay the foreign debt. In such a situation, experts are expressing surprise over this decision of the Punjab government.

Experts expressed surprise

Experts say that the kind of economic crisis Pakistan is facing, it will get only some time from this IMF loan, but the problem will remain. In such a situation, the government should focus on strengthening the economy while avoiding extravagance.

read this also: Australia: Khalistan supporters did a deadly attack on an Indian student, beating him with an iron rod on the middle of the road



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