Islamabad. Pakistan, which is suffering badly from the economic crisis, is not getting any solution to get out of the debt burden. In this way, a debt of 100 billion dollars has been incurred on Pakistan. At the same time, IMF is also delaying in helping Pakistan. Although now good news has come for Pakistan. Experts of Pakistan say that Pakistan has such a treasure that it can completely overcome its financial crisis.
Economic experts of Pakistan have said in this regard that Pakistan has a blue economy. Blue economy refers to a specific type of water resource management, which covers all types of coastal activities. Through business and services related to the sea, the revenue of any country can be increased manifold.
More than three billion people depend on the sea for livelihood
Let us tell you that more than three billion people around the world depend on the sea for their livelihood. Apart from energy oil, gas and renewable energy, the blue economy includes shipping, maritime, agriculture, fisheries and tourist sectors. With the help of Blue Economy, Pakistan can strengthen its economic, geo-political and geo-economic position.
Let us tell you that the condition of Pakistan is very bad. Oil companies in Pakistan have warned that the country’s petroleum industry is on the verge of collapse due to increased trade costs due to dollar shortage and rupee depreciation. In order to meet the demand of the International Monetary Fund, the government has removed the limit on the dollar. Due to this, the Pakistani rupee has reached a historic decline in the international market at Rs 276.58 per dollar.
The IMF has imposed several conditions to restore the relief package, including a market-determined exchange rate for the local currency and simplification of fuel subsidies. The government has already accepted both the conditions.