Even because the economic system of Pakistan remains to be in shambles, Pakistan’s Punjab govt has introduced that it’s going to hoist its nationwide flag on a 500-foot tall flag submit this yr. Pakistan will spend PKR 40 crore to hoist its nationwide flag on August 14 to mark its Independence Day. Pakistan’s show of out of place priorities comes after the cash-strapped nation lately secured a bailout package deal from the Global Financial Fund (IMF).
At Liberty Chowk in Lahore, Punjab province will hoist the Pakistani nationwide flag. In line with stories, the rustic wishes no less than Rs 2,000 crore to pay off overseas loans (plus hobby) over the following two years.
In 2017, Pakistan raised a 400-foot-tall flag, the tallest in South Asia, alongside the Attari-Wagah border. The 120×80-foot flag was once the biggest since Pakistan’s advent in 1947.
Pakistan’s determination got here simply days after the IMF granted a $3 billion bailout for Pakistan to steer clear of debt default. The money can be allotted over a nine-month length to beef up the rustic’s financial stabilisation programme.
Reacting to the Punjab govt’s determination over hoisting the Pakistani flag, the folk of Pakistan criticised their govt for losing cash on a flag as a substitute of feeding the deficient and supporting the economic system.
Pakistan plans to boost a 500-foot flag in Lahore. The undertaking will value Rs. 400 million, and the flag-raising rite will happen on Pakistan’s Independence Day in 2023. %.twitter.com/MzJgt3Xcbb
— Startup Pakistan (@PakStartup) July 12, 2023
A Pakistani Twitter deal with wrote, “I’m happy. It’ll supply refuge and meals to folks Ab Pakistan mai khushiyan hello khushiyan.”
I’m happy 😃
It’ll supply refuge and meals to folks
Ab pakistan mai khushiyan hello khushiyan 🥹
— Faizan (@FaizanIshtiaq) July 12, 2023
Any other consumer wrote, “Yeah. On this economic system that’s what we’d like, to spend 400 million rs on a flag.”
Yeah . On this economic system that is what we’d like, to spend 400 million rs on a flag .
— Saad Akbar (@SAkhan516) July 12, 2023
One Aziz Angaar mentioned, “Can’t feed odd folks however spending hundreds of thousands at the flag. What a nonsense.”
Can’t feed odd folks however spending hundreds of thousands on flag. What a nonsense
— Aziz Angaar (@AzizJama555) July 12, 2023
Any other consumer tweeted, “Pakistan is the true instance of the circle of relatives who takes loans from others however spends cash on pointless issues.”
pakistan is the true instance of the circle of relatives who takes loans from others however spends cash on pointless issues.
— ._amir (@caffeinexher) July 12, 2023
Prior to now, Pakistan gained USD 1 billion in reserves from the UAE on July 12, an afternoon after Saudi Arabia deposited USD 2 billion within the nation’s central financial institution.
In the meantime, Saudi Arabia’s Riyadh Airport Authority (RAA) has issued a last caution to Pakistan Global Airways for the non-payment of dues. The RAA delivered a letter to the PIA management challenging price of the six-month remarkable quantity. The PIA has till 15 July to settle the 8.2 million Riyal steadiness this is owed for the fees and different products and services availed through the airplane, consistent with the Saudi Arabian government.
