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Pakistan Economic Crisis: Pakistan is passing through a period of severe economic crisis. There is a huge shortage of foreign exchange reserves in the country. The back of the common man has been broken due to rising inflation. To bring the economy back on track, the government of Shehbaz Sharif is begging in front of many countries of the world, but most of the countries are now turning their backs. In such a situation, Pakistan has extended its hands in front of the Rothschild family, which is one of the most powerful families in the world.
The Rothschild family runs a multinational financing company called Rothschild & Co. This is not an ordinary loan company. Till now, by providing loans to many countries, it has taken them out of financial crisis.
Meeting with the delegation of Rothschild & Co.
According to a statement issued by Pakistan’s Finance Division, a delegation of Rothschild & Company met Finance Minister Mohammad Ishaq Dar on Tuesday. The delegation includes Partner Eric Lalo, Managing Director. The meeting was attended by Minister of State for Finance and Revenue Dr. Ayesha Gaus Pasha and senior officials.
Will Pakistan’s poverty go away?
Pakistan’s Finance Minister Dar greeted the delegation and shared the country’s economic outlook, saying that despite the challenging economic situation, the government is taking the country’s economy towards stability and development. The Finance Minister said that the government had successfully completed the IMF program in the past and the present government is committed to complete the current program and fulfill all international obligations.
support of the government of pakistan
The delegation of Rothschild & Company briefed Pakistani Finance Minister Dar about the company’s profile and financial services offered to different countries around the world. The delegation supported the policy steps taken by the government to maintain and promote fiscal and monetary stability and expressed confidence in achieving sustainable economic growth due to the pragmatic policies of the government.
Discussion on possible roadmap for economic reform
The meeting discussed the economic challenges of Pakistan and a possible roadmap for economic reforms for sustainable growth and development. The delegation was of the view that the positivity in the economy should be vigorously highlighted globally. The Finance Minister appreciated Rothschild’s positive intentions for the economic prosperity of Pakistan.
The company has saved many countries from crisis
Rothschild and Company had provided money to Britain and its allies in need of war in the early 19th century. In the 1980s, countries like Cyprus, Ireland, Greece and Portugal were helped through bailout packages. Along with this, it helped many other countries including Ivory Coast, Cameroon to get relief from economic crisis.
Inflation at peak in poor Pakistan
Due to the lack of foreign exchange reserves in Pakistan, the government is not able to import essential things. Inflation increased further after the mini budget was presented in the Pakistani Parliament on 16 February. From flour to oil, milk, meat and vegetables, everything is gradually becoming more expensive. The afflicted people of the country are victims of poverty and hunger. In such a situation, Shahbaz government is expected to get relief from this Rothschild & Company.
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