Pakistan’s Federal Minister for Planning and Development, Ahsan Iqbal, has asked residents to drink less tea to keep the economy above water. Ahsan Iqbal said that Pakistanis could decrease their tea consumption by “a couple of cups” each day as imports are overwhelming the public authority.
Iqbal let the columnists know that the nation has been bringing in tea by taking advances.
The government’s financial plan record for the active monetary year showed that Pakistan imported Rs 13 billion (USD 60 million) worth of more tea than in the last monetary year.
Last week, the public authorities uncovered a new $47 billion spending plan for 2022–23 in a bid to persuade the IMF to restart the $6 billion bailout bargain, which was concurred by the two players in 2019.
The South Asian country of 220 million is the world’s biggest shipper of tea, purchasing more than $640 million worth in 2020, as per the Observatory of Economic Complexity.
Pakistan has been confronting extreme monetary difficulties for a really long time, prompting an increase in the cost of food, gas, and oil.