Pakistan paper association issues statement that books will not be available to students in the new academic year beginning August 2022 due to the countrys paper shortage . Paper prices have skyrocketed, and paper has become so expensive, its cost is increasing day by day, and publishers are unable to determine the cost of books .
Islamabad, Pakistan, June 24: The Pakistan paper association has issued a statement that books will not be available to students in the new academic year beginning August 2022 due to the country's paper shortage.Although the source of the paper crisis is global inflation, the present paper crisis in Pakistan is also due to the wrong government policies and the local paper industry's monopoly, according to the country's leading economist, Dr. Qaiser Bengali.They warned at a press conference that books will not be available to students in the new academic year starting in August because of the paper shortage, paper prices have skyrocketed, and paper has become so expensive, its cost is increasing day by day, and publishers are unable to determine the cost of books, according to Pakistan's local media outlet.Textbooks will not be allowed to be printed in Sindh, Punjab, and Khyber Pakhtunkhwa due to this limitation.We have seen the laws of Ayub Khan (Former President of Pakistan), Yahiya Khan, Zulfikar Ali Bhutto, and Muhammad Zia-ul-Haq, Ayaz Amir said in a post for Pakistan's national media outlet Dunya Daily.We've all seen dictatorships take loans to solve the problems and then take more loans to pay back the previous loan.Pakistan has come to a point where no one would give the country any more loans, he said, adding that this never-ending cycle is still going on.During Zia ul Haq's reign, we could not solve the economic problems of our country, which were 11 crores. China has entered into a lengthy deal with Pakistan on loan repayments and other investments in the country.For using a USD 4.5 billion Chinese trade finance facility, Pakistan paid around USD 150 million in interest to China in the fiscal year 2021-2022.Pakistan paid USD 120 million in interest on USD 3 billion in loans in the financial year 2019-2020.China has been very diligent in regaining funds from Pakistan. Pakistan, on the other hand, is not afraid to be a loan smuggler.This strategy hasn't paid dividends and is only adding to the burden of debt for Pakistan.Pakistan must be keeping an eye on the situation in Sri Lanka, as it may be the next nation to face the consequences of dysfunctional economic policies and heavy debt burdens.