New Delhi [India], July 17 (ANI): Pakistan has been busy enjoying ‘flag struggle’ regardless of the vital monetary standing of the nation and has determined to maintain PKR 40 crore apart for a flag-raising ceremony in Lahore.

Writing in Khalsavox, Antariksh Singh underlined how regardless of a faltering financial system, the South Asian nation has determined to hoist its nationwide flag on a 500-foot-tall flag mast on Independence Day on August 14 this yr.

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This announcement was made instantly after Pakistan obtained a bailout bundle from the International Monetary Fund (IMF) to attempt stabilising its ailing financial system.

Punjab province is deciding to pay attention its efforts on the flag-raising ceremony at Liberty Chowk in Lahore regardless of the dire monetary scenario of the nation, which should amass no less than PKR 2,000 crore inside the subsequent two years to pay its overseas mortgage repayments, Khalsavox reported.

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This act of misguided patriotism brings to mild the nation’s doubtful fiscal insurance policies within the midst of its escalating debt disaster, Antariksh Singh writes in Khalsavox.

The regarding motion comes quickly after the IMF accredited a USD 3 billion bailout to help Pakistan in avoiding a default on its debt repayments. These funds, which had been distributed over 9 months, weren’t meant to pay for a flag-raising competitors with India, however moderately to help the nation’s financial stability, the author opines, including that Pakistan’s option to spend its meagre assets on an enormous flag appears to be a tragic diversion from the urgent want for its financial system to be rebuilt.

According to Khalsavox, Pakistan obtained monetary help from the UAE and Saudi Arabia totalling USD 1 billion and USD 2 billion, respectively, to strengthen its depleting reserves along with the IMF’s aid. (ANI)

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