Islamabad, June 15: Pakistanis have been urged to drink much less tea to maintain the nation's financial system afloat, because the world's largest tea importer grapples with hovering inflation and a fast-depreciating rupee, media reviews stated.
The South Asian nation of 220 million is the world's largest importer of tea, shopping for greater than $640 million price in 2020, in keeping with the Observatory of Economic Complexity, CNN reported.
The nation's Federal Minister for Planning and Growth, Ahsan Iqbal, on Tuesday advised reporters that Pakistanis might cut back their tea consumption by "one or two cups" per day as imports are placing extra monetary pressure on the federal government exchequer. "The tea we import is imported by taking loan," Iqbal stated, including that companies must also shut earlier to save lots of electrical energy. Ahsan Iqbal, Federal Minister for Planning Says, 'Sipping Fewer Cups of Tea Would Lower Pakistan's Excessive Import Payments'.
Pakistan has been dealing with extreme financial challenges for months, resulting in a rise within the costs of meals, fuel and oil. In the meantime, its international foreign money reserves are declining quickly.
Many in Pakistan took to social media to ridicule Iqbal's plea, saying reducing tea consumption would do little to ease the nation's financial woes.
Final month, Pakistan had banned the import of non-essential and luxurious objects to "control spiralling inflation, stabilise foreign exchange reserves, strengthen the economy, and reduce the country's reliance on imports", Info Minister Marriyum Aurangzeb had advised a news convention on Might 19. (The above story first appeared on SociallyTrend on Jun 16, 2022 12:08 AM IST. For more news and updates on politics, world, sports activities, entertainment and way of life, go online to our web site latestly.com).
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