February 22, 2023
Years of financial mismanagement and political instability have pushed Pakistan’s economy to the brink of collapse, exacerbated by a global energy crisis and devastating floods.
A man shops imported perfumes in a shop in Peshawar, Pakistan on February 15. Parliament approved on Monday a supplementary finance bill that increases sales tax from 17 to 25 per cent on imports ranging from cars and household appliances to chocolates and cosmetics. Photo: Reuters/file