Pakistan economic crisis

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.

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.

Economic turmoil, mass protests and a spat with the military are among a string of crises that the Pakistan government is battling at home.