Pakistan: The condition of Pakistan, which is facing economic crisis, is getting worse. The troubles of the people are not taking the name of abatement. Already people are yearning for their basic needs. Many photo videos of Pakistan are going viral on social media. Meanwhile, news is coming that lakhs of people are going to lose their jobs. According to media reports, many industries in Pakistan are about to lay off their employees. Some of them have given ultimatum to their employees.
If the news is to be believed, the textile industry of Pakistan, which is facing economic crisis, has been badly affected. Due to which it is being estimated that most of the employees will be retrenched from this area. According to news outlet The News International, Pakistan’s textile exports have declined by 14.8 percent. It is believed that lakhs of people will become unemployed after the retrenchment. According to media reports, about 10 lakh informal workers will become unemployed in Pakistan. Most of these workers are related to the textile sector.
Did not get help from IMF
Let us tell that the neighboring country Pakistan is on the verge of default. Expecting help from the IMF, Pakistan has been disappointed. He has not been able to get the loan till now. Although China has helped $ 700 million, but this amount is insufficient to overcome the economic crisis of Pakistan. If news is to be believed, most of the companies in Pakistan are asking the employees to come to office only for 15 days. However, they are being made to work for the whole month. With this, new jobs have stopped.
Talk could have been done with the help of India
If reports are to be believed, before this more than 30 thousand people have lost their jobs in Pakistan. Seeing the worsening of the situation, Pakistani industrialists had advised that cotton should be imported from India, but the Pakistani government refused to accept it. Alam is that Pakistan does not have cotton from which cloth can be made.
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