Pakistan economic crisis

Millions of Pakistanis continue to experience problems with WhatsApp and other internet services, with many unable to send or receive even basic text messages.

Pakistan could look to South Korea as a blueprint for economic development by emphasizing efforts to nurture the private sector.

But the country’s aggressive posturing against India will make it difficult for the government to take the process forward.

“Pakistan is facing a polycrisis and it is the convergence of political, economic, social, and security crises that makes the current situation so volatile.”

"One can't rule out anything in Pakistani politics, which are nothing if not unpredictable."

Shifting geopolitical currents, internal instability, India’s rise and China’s indifference underlie its declining stature on the world stage.

No number of IMF packages or foreign bailouts will suffice in keeping the Pakistani economy afloat without the country undergoing a multifaceted structural revamp.

Pakistan will now only make interest payments in both years, its finance minister has said.

It will save Pakistan from defaulting on debt, but analysts say the country needs $20 billion in the next two years to return foreign loans with interest.

Elections are looming. There is a risk of politicians forgetting their commitments to the IMF.

The long-awaited package will provide the country, which is in the grip of political and economic crises, with some relief.

The decision is aimed at conserving dollars amid its crippling economic crisis.

China’s foreign minister made an unusually blunt demand for stability during his recent trip. Days later, Pakistan’s political unrest entered a new phase.

Policymakers in Pakistan need to set the country’s house in order and work to convince its youth, its future leaders, that the country is worth staying in and building up.

The country is currently running on foreign loans taken on high rates of interest. It will have to repay $80 billion in the coming three years.

Unpacking Pakistan's economic and political meltdown.

Delaying the IMF program has negatively affected investor confidence, increased inflation, and hindered growth prospects.

With the country facing an economic and political crisis, plus a resurgence of terrorism, the Pakistan Super League offers the public a much-needed respite.

Twenty of Pakistan’s poorest districts have been chosen for implementation of the Ministry of Planning’s development plan for 2022-2027.

Despite Western sanctions on Russia for its invasion of Ukraine, the U.S. has not openly objected to Pakistan buying oil from Moscow.

Aimed at reducing energy consumption to cut imports of oil, the measure could adversely affect businesses that are yet to recover from the pandemic.

The two sides agreed to launch the $10-billion high-speed Karachi-Peshawar rail project and President Xi promised Pakistan help in dealing with its financial crisis.

Governments come and go, but Pakistan's economic woes – and its love/hate relationship with the IMF – remain constant.

It has promised to pay $200 million to four Chinese power producers but that is just a fraction of the money owed to China.