Asia

Gilgit: Baltistan ask Pakistan for funds to counter financial crisis

According to the Pakistani daily newspaper Dawn, Syed Mehdi Shah, the governor of Gilgit-Baltistan, reportedly contacted Pakistan’s government to ask for assistance.

Currently, a severe financial crisis is affecting Pakistan’s Gilgit-Baltistan province. As a result, the local authority has requested aid from Pakistan’s federal government.

On Wednesday, he met with Federal Minister of Planning Ahsan Iqbal. He discussed the circumstance with the minister at the same time. In the interim, he encouraged the minister to make the government’s money available to help the area.

According to Dawn, Iqbal promised the GB governor that he would also make an effort to get the money released for the funding. While Iqbal, the federal minister of planning in the Pakistani government, gave the governor his word that he would make every effort to secure the funds, the area is also very short on wheat.

There is a wheat shortage in the nation, which has caused prices for necessities to skyrocket. However, the financial crisis in Gilgit-Baltistan has made this problem even worse.

The Gilgit-Baltistan area relies on federal grants, according to sources in the national newspaper. Additionally, the governor requests that 500 million be released by the Federal Minister of Planning for Baltistan University’s endowment funds.

Due to this situation, the region requires more funding to purchase enough wheat for its inhabitants.

According to sources, the Gilgit-Baltistan government relies on public monies to buy goods for the populace. As a result, the people are currently using staged protests to voice their unhappiness with the leadership.

Gilgit-Baltistan and Kashmir united in opposition to the government’s inaction on the region’s severe food and financial instability. They burned tyres and blocked the area’s highways to express their unrest.

The media explained the protestors’ actions. They stated that they could not make ends meet because of the government’s inaction.

Gabriel Peters

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