Pakistan’s economic situation is alarming
The writer says only sound economic policies implemented honestly and saner politics carried out without “undue intervention of the establishment” can help improve this…
The writer says only sound economic policies implemented honestly and saner politics carried out without “undue intervention of the establishment” can help improve this…
The author writes, "edible items that cost Rs5,300 in February 2022 in urban areas now cost roughly Rs10,000."
On Jan 6, forex reserves held by the State Bank of Pakistan plunged to $4.3 billion, enough to cover just three weeks of imports.
The writer says dundamental reasons for the rupee’s weakening such as widening trade and current account deficits were present even before the replacement PTI regime.