World / Pakistan left with only five days of diesel stocks says in a Report

Zoom News : Mar 15, 2022, 06:08 AM
Pakistan | Another biggest problem has arisen in front of the already poor Pakistan. The impact of the war between Russia and Ukraine is now beginning to affect the Imran Khan government as well. Pakistan is facing a shortage of petroleum products and has only five days of diesel reserves left with oil prices rising in the international market due to the war between Russia and Ukraine.

According to the Express Tribune newspaper report, Pakistani banks have also placed oil companies in high-risk categories and refused to give loans. With the decrease in the stock of diesel, the Imran government of Pakistan is also in trouble. On the one hand the opposition is mobilized and on the other hand, due to the decrease in the stock of diesel in the country, there is a possibility of further increase in inflation.

Pakistan's general inflation, measured in the Consumer Price Index (CPI), is at a 24-month high of 13 per cent and prices of almost all commodities are rising. According to Dawn newspaper, this is the highest CPI inflation since January 2020, when it was 14.6 per cent.

Pakistan Prime Minister Imran Khan on Sunday hit out at the opposition for moving a no-confidence motion against him, saying he did not enter politics to control the prices of 'potato, tomato'. Khan told a political rally in Hafizabad in Punjab province that the country would stand against those elements who were trying to topple the government "through money power". He said that Pakistan is going to become a great nation in the remainder of his tenure as the results of the concessions announced by his government will be revealed soon.

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