At a time when Pakistan’s economy is deteriorating every day, its PM Imran Khan is busy compensating the Islamic Ummah in the lure of ‘Kashmir’. Pakistan has decided to compensate Malaysia by exporting more palm oil as India has restricted the import of palm oil, shaking the Malaysian economy to the core.
Announcing the cash strapped- Pakistan’s compensatory gesture, PM Imran Khan, who is on a state visit to Malaysia, stated: “That’s right, especially since we noticed India threatened Malaysia for supporting the Kashmir cause, threatened to cut palm oil imports.” He added, “Pakistan will do its best to compensate for that.”
PM Imran has ridiculed himself by announcing compensation to Malaysia against Indian import as India bought 4.4 million tonnes, according to the Malaysian Palm Oil Council while Pakistan bought 1.1 million tonnes of palm oil from Malaysia last year.
Interestingly, Imran has spent most of his tenure asking for alms or bailouts from other countries. According to Pakistan Bureau of Statistics (PBS), Pakistan’s inflation rate increased to 14.6 per cent in January this year from 12.6 per cent of the previous month, the highest level in 12 years. PBS has announced recently that the inflation, measured by the Consumer Price Index (CPI), edged up 1.97 per cent over the previous month.
Notably, Pakistan had registered a growth rate of 3.3 per cent way lower than its target. The 3.3% economic growth rate depicts the challenges that the Imran-led government is facing at home. Almost every sector has witnessed negative growth last year. The size of the Pakistani economy declined 8 per cent to 291 billion dollars from 315 billion dollars in the previous year. The size of the Pakistani economy is less than the Indian state of Maharashtra which has a GDP of 420 billion dollars. However, PM Imran’s aspirations are bigger than these numbers. Agriculture sector, the backbone of Pakistan’s economy grew at a mere 0.8 per cent against 3.8 per cent target last year, this would lead to more troubles for countrymen. But it seems, the Pakistani government is rather interested in running petty campaigns against India than to provide food to its populace.
India has successfully taught a lesson to PM Mahathir as he had tried to interfere in the internal issues of India. He had criticised India’s decision to abrogate article 370 and also over CAA. India befittingly replied by breaking the backbone of his economy.
Pakistan’s attempt to appeasing Malaysia in order to corner India economically is laughable, citing India’s mammoth economy. This also affirms that India has shaken the core of the Malaysian economy which is exporting palm oil. The Malaysian economy is paying a deserving price for trying to malign India. Pakistani PM, who has travelled across the globe with a begging bowl, should care about getting compensations for his own country.