Islamabad, June 15 : Pakistanis have been urged to drink less tea to keep the countrys economy afloat, as the worlds largest tea importer grapples with soaring inflation and a fast-depreciating rupee, media reports said.
The South Asian nation of 220 million is the worlds largest importer of tea, buying more than $640 million worth in 2020, according to the Observatory of Economic Complexity, CNN reported.
The countrys Federal Minister for Planning and Development, Ahsan Iqbal, on Tuesday told reporters that Pakistanis could reduce their tea consumption by "one or two cups" per day as imports are putting additional financial strain on the government exchequer."The tea we import is imported by taking loan," Iqbal said, adding that businesses should also close earlier to save electricity.
Pakistan has been facing severe economic challenges for months, leading to an increase in the prices of food, gas and oil.Meanwhile, its foreign currency reserves are declining rapidly.Many in Pakistan took to social media to ridicule Iqbals plea, saying cutting tea consumption would do little to ease the countrys economic woes.
Last month, Pakistan had banned the import of non-essential and luxury items to "control spiralling inflation, stabilise foreign exchange reserves, strengthen the economy, and reduce the countrys reliance on imports", Information Minister Marriyum Aurangzeb had told a news conference on May 19.#Storm #teacup #Pakistan #worlds #importer.
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