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Pak nears bankruptcy with just $ 3 Billion in Forex Reserves, Friends refuse to help in curial times.

Pakistan is inching towards bankruptcy with only three billion dollars left in its foreign exchange reserves and the country’s friends have expressed their inability in bailing out the country.

Pakistan’s pending Letter of Credit (LC) orders have reached almost 15,000 while the country faces a major shortage of life-saving drugs.

 

Petrol and food prices skyrocket in Pakistan as neighbors refuse to lend a helping hand
Petrol and food prices skyrocket in Pakistan as neighbors refuse to lend a helping hand| Picture Source: Google images. 

China has refused to trade with Pakistan and wants advance payments and the Taliban regime is deliberately stopping coal and dry fruits supply to its neighbour.

Turkey is still managing to survive the devastation caused by earthquake, and Qatar has cleared its stance to provide help in only trade matters. Meanwhile, Pakistan is not in talking terms with Iran because of the US stance against Tehran.

 

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