new Delhi : After the removal of Article 370 by the Modi government from Jammu and Kashmir, Pakistan has become angry. He also went to the UN Security Council against this decision of India, but there he was not paid any attention by President Joanna Ronca. Also, America has said that there will be no change in its policy on Kashmir. Pakistan, which is unabashed by its nefarious antics, is now gathering support from China.
There has been talk of increasing poverty in Pakistan before, but do you know that there is a joint economy of 43 small countries as much as the debt burden on Pakistan. Despite such a huge debt burden on itself, Pakistan is not deterring the nefarious antics against India.
Pakistan is far behind India
According to the International Monetary Fund (IMF) ranking of 2018, India's gross domestic product (GDP) is US $ 2.71 trillion. Meaning India's economy is equal to this amount. In this sense, India is the seventh largest economy in the world. Talking about Pakistan at the same time, it is ranked 39 in this ranking. Pakistan's GDP is US $ 0.31 trillion.
Pakistan has billions of dollars of debt
Pakistan currently has foreign debt of about US $ 105 billion. According to reports, this debt burden on Pakistan is the highest ever. Whereas in the third quarter of 2004 it was $ 33 billion.
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The amount is equal to the economy of 43 countries
The amount of debt on Pakistan is close to US $ 105 billion. This amount is equal to the combined GDP of 43 countries. These include countries such as Kiribati, Samoa, Seychelles, Gambia, Antigua and Barbuda, Bhutan, Central Africa, Liberia, Burundi, Suriname, South Sudan, Sierra Leone, Maldives, Barbadoes, Fiji. The combined economy of these 43 countries is about US $ 107 billion.
Tomato reached Rs 300 per kg
Pakistan has broken trade relations with India. But, this decision has created panic in Pakistan. Indian farmers and traders refused to export their goods to Pakistan. Also, the government has also increased the custom duty to 200 percent. Due to this, the price of tomatoes has reached Rs 300 per kg in decaying Pakistan.
Foreign debt increased
Recently, the Department of Economic Affairs of the Government of Pakistan has said that during the financial year 2018-19, there was a net increase of $ 2.29 billion in the public debt of Pakistan. According to the report, it has been said that during the last 3 financial years 2015-16 to 2017-18, the public external debt had increased by 6.82 and 6.64 billion dollars respectively.