Pakistan is facing an economic crisis with reserves covering one month of imports, a dollar shortage and a delay in its loan program with the International Monetary Fund.
Pakistan’s unprecedented floods in the summer killed more than 1,700 people, inundated a third of the nation and cut the nation’s growth by half. The floods have left about $32-billion in damages and losses to the nation’s economy.the global community hasn’t provided enough funds after the devastating floods in Pakistan and that may lead to the suspension of its food support programme next month.
“The entire unity government agrees that it’s important for us to deal with international financial institutions — we want to see the fundamental reform that’s required for the overall health of our economy,” Zardari said. “But at the moment, our number one priority has to be helping these people who are in extreme, extreme distress in the short, medium and long term.”to dissolve two of the four provincial assemblies later this week to push the government to announce fresh elections.
Zardari, chairman of the Pakistan Peoples Party and the son of Benazir Bhutto – the Muslim country’s first female prime minister who was assassinated in 2007 – called Khan “Machiavellian” and blasted him for failing to cooperate with the coalition government to help provide funding relief. Khan has hosted his own telethons to raise funds for flood victims.
“It should have been not just my priority, but everybody’s priority to step up, to leave partisan politics aside and unite to meet this challenge,” Zardari said. “Unfortunately, Mr Khan has been throwing an eight-month tantrum that he has not been prime minister.”
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