International experts have released shocking information that Pakistan will go bankrupt in the next 3 weeks.
Pakistan will be bankrupt in next 3 weeks
Pakistan experienced record rainfall last year. Heavy rains caused flooding and more than 80 percent of the crops were submerged and destroyed. Due to this there was severe shortage of many food grains including wheat
. Currently due to severe cash crunch, government offices in Pakistan are being sold. Apart from this, it has been reported that Pakistan government has decided to sell its embassy in Washington area of America and many people have come forward to bid for this embassy building which is worth about 4 million dollars.
Currently, the government of Pakistan has asked the International Fund for a loan of 650 million dollars. However, Pakistan is said to have no way out of this economic crisis.
In this case, the country’s foreign exchange reserves have decreased significantly. As a result, international economists have warned that Pakistan will go bankrupt in the next 3 weeks.