Kangal Pakistan, Behal Awam... Why were there long queues of people outside the petrol pump at midnight?

According to a report published in the British newspaper Financial Times, Pakistan's economy has now come very close to sinking. It was revealed in this report that there has been a huge reduction in foreign exchange reserves in Pakistan, due to which thousands of containers are stuck at the ports. Meanwhile, news has come to the fore, due to which thousands of containers are stuck at the ports. Meanwhile, news has come to the fore that the prices of petrol and diesel are going to skyrocket in Pakistan.

According to the Pakistani newspaper Dawn, long queues started at petrol pumps in many parts of the country on Saturday due to rumors of a hike in the prices of petrol and diesel. According to the news being shared on social media, the prices of petrol and diesel are expected to increase by Rs 45 to Rs 80 on February 1.

Hasan, who was in line at the petrol pump, told the newspaper Dawn that we saw a report on social media that oil prices would increase due to the increase in the dollar price and international petroleum prices. According to media reports, a similar situation was seen in other areas as well. Geo News said petrol was available at only 20 percent of pumps in Gujranwala, while Rahim Yar Khan, Bahawalpur, Sialkot and Faisalabad also reported a severe shortage

However, an official told Dawn that the rumors were baseless and appealed to people not to take them seriously. He said that there is no preparation to make any change in the prices for the next two weeks. According to the official, according to the existing rules, first OGRA sends a proposal for this to the Petroleum Department, this proposal is sent to the Ministry of Finance.

We have not prepared any draft yet. He said that if the effect of rupee depreciation and international oil prices is seen, it will be reflected in the calculation of the fortnight starting from February 15.

Pakistan's economic condition is bad

Let us tell you that the economic condition of Pakistan has become so dangerous, due to which the price of one American dollar has reached 250 Pakistani rupees. Pakistan is already facing high inflation and cash crunch. In the last one year, first flood and now economic crisis has broken the back of Pakistan. Its situation has become like Sri Lanka.

No money to pay for goods.

According to the reports, the inflation in the country is close to 25 percent and people are getting out of reach from flour, pulses, rice to petrol and diesel. Pakistan's foreign exchange reserves have come down to $4.1 billion. Unable to import essential goods, along with the economic crisis in Pakistan, the power crisis has also deepened. Not only this, foreign containers are crammed at Pakistani ports. But there are lales to pay. Overall, Pakistan is also facing the danger of default like Sri Lanka

(ASHNA)