The possibility of Pakistan’s finance minister, Ishaq Dar, resigning from his position has been a topic of speculation following his decision to increase petrol prices and present a mini-budget to comply with the conditions set by the International Monetary Fund (IMF). Despite these rumors, sources suggest that his resignation is unlikely. However, mounting pressure from the public could potentially force him out of office. The recent increase in inflation has caused both the Pakistan Democratic Movement (PDM) and the Pakistan Muslim League-Nawaz (PMLN) to lose political capital, leaving the country at risk of defaulting on external payments.
Pakistan’s economy has been in a state of turmoil since the PDM took control of the government. Many have pointed fingers at former Prime Minister Imran Khan, blaming his disastrous policies for the country’s economic woes. The situation has been exacerbated by the COVID-19 pandemic, which has had a severe impact on Pakistan’s economy. The country has been struggling with a declining growth rate, high inflation, and rising debt. The government has been unable to come up with an effective plan to address these issues, leaving Pakistan in a precarious position.
In conclusion, the economic crisis in Pakistan is a complex issue that has been brewing for a long time. While the resignation of Ishaq Dar may not be imminent, the public’s mounting pressure could potentially force him out of office. It is clear that the country is facing significant challenges, and it is crucial for the government to take swift action to address these issues before they escalate further.
