Barter system started in Pakistan
The backbone of Pakistan’s economy is broken. The situation of poverty is such that people do not have even an earful of money. Not only this, the foreign exchange reserves of the government are also falling, which is not even taking the name of stopping. Now Pakistan has to rely on things produced in its country for imports. That is, for essential things, Pakistan is now resorting to barter trade, which means taking some goods from one hand and giving some goods from the other hand. A special order has been passed in Pakistan through which it can do barter trade with Afghanistan, Iran and Russia.
Bad condition of Pakistan
Pakistan’s condition has become so bad that it is buying coal, metal, wheat, petroleum from these three countries instead of milk, eggs and fish. Pakistan’s Finance Ministry has approved the B2B barter trend by passing a statutory regulatory order. Pakistan’s crispy economy can be gauged from the fact that here the consumer price index has reached 38 percent and the inflation-based index has reached 48 percent. That is why Pakistan is now forced to do barter trade and is taking help from neighboring countries.
resorting to barter trade
Not only this, International Monetary Fund i.e. IMF has also refused to help Pakistan financially, which clearly means that Pakistan is now bankrupt. These days the economy of Pakistan is running only on God’s trust. Here, there is a severe impact of inflation on all the food items, due to which people are not getting proper food for three times. People are living their life by eating whatever simple food they want. At the same time, the political turmoil in Pakistan has also reached its peak.
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