NEW DELHI: Imran Khan, who sworn in as Pakistan Prime Minister last year, had announced during his election campaign that once he gets elected, he would work for the development of the country's economy and would bring it back to its yesteryear glory. However, the PM has not been able to fulfill his promise despite ruling the country for the last 13 months. Instead, he has been seen invoking nationwide protest against India in the Kashmir issue. Several media have claimed that Imran is actually trying to cover up the country's economic crisis by raising the Kashmir issue and invoking nationalistic spirit in the minds of people. Let us look at some of the main features of the Pakistan economy which is currently facing a huge crisis
Apart from all these issues, the external debt of the country is also increasing. Despite receiving financial support from China and Saudi Arabia, the country is still facing a huge financial crisis. Reports also suggest that Pakistan has recently borrowed around 6 million dollars from the World bank. It seems that the country is borrowing money to repay its older debts. Moreover, the loss incurred by the public sector institutions is also making things hard for the country's economy.
It must be noted that only 1% of the Pakistani population is paying taxes in the country. Though Khan had promised to take strong action against those who evade tax, he hasn't been able to do so. Khan is also unable to question the military forces who spend large sum of money in the name of purchasing weaponry