The United Arab Emirates (UAE) has asked Pakistan (Pakistan) to return its one billion dollars. In such a situation, Imran Khan has been thinking how to return such a huge amount.
Pakistan is facing a huge crisis, a new trouble has arisen. In fact, the United Arab Emirates (UAE) has asked Pakistan to return its one billion dollars (about 15,725 crore Pakistani rupees) immediately. The condition of the Pakistani government has been diluted by such a large amount demanded by the UAE. Currently, this amount is deposited in the Central Bank of Pakistan, State Bank of Pakistan (SBP). Pakistan has to return this amount by 12 March i.e. by this evening.
This amount has been sought by the UAE because it has reached its maturity. Pakistani Prime Minister Imran Khan has been thinking how to return such a huge amount. At the same time, the top officials are trying to negotiate with the UAE. In particular, more attention is being given to talks with Crown Prince Mohammed bin Zayed Al Nahyan. But so far Pakistan has not been successful in this.
Pakistan’s economy can get a fleet of money by returning the money
Pakistan has pleaded before the UAE that by returning such a large amount, its economic situation can be disastrous. The economy of the neighboring country facing inflation and unemployment is already a raft. In such a situation, returning such a large amount can make his situation more pathetic. There is no secret that Pakistan’s economy is very bad. According to World Bank estimates, amid the Corona epidemic, its growth rate fell by 1.9 per cent in FY 2020 as compared to FY 2019.
IMF also gave loan to pauper pakistan
Earlier this year, the IMF and Pakistan reached an employee-level agreement to issue $ 500 million as part of a major debt treaty. In 2019, the International Financial Institution agreed to give a loan of $ 6 billion to Pakistan to curb the debt crisis in exchange for reform measures. At the same time, due to rising inflation in Pakistan, the public has become unhappy. Imran Khan is also sweating to deal with this.