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According to Pakistani media, Iqbal stated. "I implore the people to reduce their tea intake by one to two cups because we import tea on loan."

Digital Desk:
Pakistan, which is in the midst of an economic crisis, has urged its citizens to cut back on their tea intake. Ahsan Iqbal, Pakistan's Minister of Planning and Development, has advised people to drink less tea, claiming that this will help the government cut import costs. By taking out loans, the Pakistani government will assist in lowering tea import costs. Pakistan's government is borrowing money to import tea and wants the cost of doing so to be decreased.

According to the Observatory of Economic Complexity, the 220 million-strong South Asian nation will be the world's largest tea importer in 2020, spending more than $640 million on the beverage.

The minister has called to the country's traders and citizens to assist in bringing the country out of its predicament. He informed traders that the country is experiencing a power outage and that the market should be closed till 8:30 p.m.

According to Pakistani media, Iqbal stated. "I implore the people to reduce their tea intake by one to two cups because we import tea on loan."

Pakistan's government prohibited the import of 41 products for two months last month in order to cut import costs, but the move had little effect. The import bill has been cut by only 600 million dollars as a result of the import prohibition. This amounts to 5% of overall import expenditures.
Cars, mobile phones, cosmetics, cigarettes, food products, some apparel, and toiletries have all been affected by the government's decision.

In a press conference, Iqbal accused Pakistan's former government of damaging the economy. He claimed that former Prime Minister Imran Khan and his party wrecked the economy of Pakistan and that he condoned their crime by claiming that our administration was trapped after taking office.

The minister for Shahbaz Sharif stated that he came to power to save the country. He expressed optimism that the economy would improve in the next months.

Iqbal also stated that the agriculture sector is receiving special attention, and that farmers are being pushed to increase wheat, sugar, and cotton production. Farmers are also being asked to increase palm oil production so that the country can earn foreign cash from its sale, he said. 

 

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