Friday, July 1, 2022
WorldPakistan govt advice to people Drink Less Tea, Save Money

Pakistan govt advice to people Drink Less Tea, Save Money

Pakistan, the world's largest importer of tea, has been advised to reduce its consumption of tea as part of its efforts to reduce foreign exchange costs.

Islamabad: The government of Pakistan is involved in efforts to control the cost of foreign exchange. One of the main ways in which the Pakistani minister has asked is to significantly reduce the consumption of tea, which is good for the country’s treasury.

Pakistan is the largest importer of tea in the world. It has advised people to reduce their drinking of tea in order to reduce the foreign exchange spent on imports.

“I urge the people of Pakistan to reduce their tea consumption to 1-2 cups a day as they import tea on credit,” the Union Planning Minister told PTI.

Reducing tea consumption to two cups a day will not reduce Pakistan’s foreign exchange reserves. The Pakistani government, which is already reeling from a cash crunch, has urged people to reduce tea consumption.

Pakistan consumed 83.88 billion (USD 400 million) worth of tea in the 2021-22 financial year. It was only after this that Ahsan Iqbal, the Union Planning Minister of Pakistan, made the request, according to The News International.

He said Pakistan, the world’s largest importer of tea, had to borrow money to import it.

The federal budget document for the last financial year indicates that Pakistan imported tea worth Rs 13 billion (USD 60 million) more than the previous fiscal.

In the financial year 2020-21, Rs. 70.82 billion ($ 340 million) was spent, according to the News Network International news agency.

Pakistan’s foreign exchange reserves stood at about US $ 16 billion in February. That was less than $ 10 billion in the first week of June 2022. It has exacerbated the country’s economic problems.

The country is concerned that the foreign exchange reserves are not even enough to cover the two-month cost of imports required by the country.

Last month, the Pakistani government restricted the import of dozens of non-essential luxury items as part of an effort to save foreign exchange.

Pakistan’s Planning Minister has said that shops and markets operating in the country have been asked to close by 8:30 pm to save energy. Iqbal said this would help reduce import duty on petroleum products.


Read Also | Real Squid Game 2022 on Netflix How to Apply Online Application? www.squidgamecasting.com will get Rs 35 crore


Finance Minister Mifta Ismail recently warned that Pakistan’s economy would be similar to Sri Lanka’s unless the country took tough decisions.

Pakistan, the world’s largest importer of tea, has been advised to reduce its consumption of tea as part of its efforts to reduce foreign exchange costs.

Covid India Active Cases

India
123,673
Total active cases
Updated on July 1, 2022 12:38 am

DMCA.com Protection Status

Related Stories

Trending Stories

Shah Rukh Khan completed 30 years in Bollywood, these films made ‘King of Romance’

Shah Rukh Khan and Deewangi are names of each other. Shah Rukh Khan craze is seen not only in Bollywood fans, but all over...

Why Congress Demands for Change rename of Pune to Jijau Nagar

Mumbai: The Congress party has demanded that Pune, one of the major cities in Maharashtra, be renamed. This demand of the Congress party has...

Robinhood is going to buy US crypto-exchange FTX? Shares jump 14% on news

Shares of American company Robinhood, which provides trading on zero-commission, jumped about 14 percent on Monday. The surge came after a Bloomberg report said...

Vice Presidential Election to Conduct 6 August 2022 says Election Commission

New Delhi: The Election Commission has announced that the election to elect the next Vice President of India will be held on August 6. The...

Biopic to be made on former PM Atal Bihari Vajpayee, know when it will...

Biopics have been made on many heroes and personalities of the country in Bollywood. These types of films have a special connect with the...

Recently Popular

WHO advised to Ukraine to Destroy Dangerous Pathogens in Laboratories

Various reports about biological laboratories in Ukraine have been circulating since Russia began moving troops...

Centre Providing Additional subsidy to protect farmers from rising fertilizer prices

New Delhi: Announcing the reduction of excise duty on petrol and diesel, Union Finance Minister Nirmala...

Mahindra XUV700 Awarded as India’s Safest Passenger Vehicle

There is good news for automaker Mahindra & Mahindra (M&M). One of the company's models...

Jio Set-top Box users will get extra 30 GB storage space, know how to take advantage

Jio and cloud storage provider DigiBoxx have joined hands to further improve the Jio Photos...

Fire breaks out in Delhi-bound SpiceJet plane, emergency landing at Patna airport

On Sunday, a SpiceJet flight that took off from Jai Prakash Narayan Airport in Bihar...

Watch Netflix Nayanthara Marriage Function Full Video Coverage Download Online Free

Tamil Cinema Lady Super star Actress Nayanthara Married Director Vignesh Shivan on June 9, Thursday...

Recommended Stories

Trending Now