Pakistan’s economic situation is currently in a state of flux. Inflation has been on the rise and economic growth has been sluggish. The devaluation of the Pakistani Rupee has put further strain on the economy, making it difficult for individuals and businesses to cope with rising costs. As per recent figures, released by the statistics […] The post Pakistan’s Current Economic Crisis Harkens Back To Turmoil From 1970s appeared first on The Friday Times - Naya Daur.
It has been almost a year and things at the political and economic front still remain volatile. While two provincial assemblies have been dissolved, the IMF programme is still not revived but it seems that the government, having exhausted all its option, has finally succumbed to the global lender’s demands. Monetary tightening alongside administrative measures […] The post Mounting Debt And Lack Of Alternatives Calls For A Debt Restructuring Of Pakistan’s Economy. But Would It Be Possible? appeared first on The Friday Times - Naya Daur.