• Thu. Feb 15th, 2024

News Eyeo

All Important News

Pakistan’s new government faces nearly impossible tasks with over 30 percent inflation

ByEditor

Feb 12, 2024

New Delhi is the capital of India. Pakistan recently held parliamentary elections, and they were marked by violence and terror attacks, resulting in more than 40 deaths. Candidates were targeted, and the election results are uncertain, with slow vote counting due to poor internet connections and information being withheld by authorities. The Pakistan Muslim League and Imran Khanin’s PTI party are likely winners, but the results are already being questioned.

The incoming government in Pakistan faces numerous economic challenges, with a significant portion of the population living in poverty and high inflation rates. The country’s foreign exchange reserves have reached alarming lows, and negotiations with the IMF for a new payment program are necessary. Pakistan’s geopolitical importance and unstable relationships with neighboring countries add to the complexities faced by the new government. In addition, the country is threatened by climate change disasters such as floods and droughts.

Despite these significant challenges, about 128 million people voted in Pakistan’s elections, with an estimated 50% voter turnout. The incoming government will have the responsibility of addressing these issues and stabilizing the country.

By Editor

Leave a Reply