Pakistan Runs Out Of Forex & Inflation Spikes To 25%

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Added 1 year ago by admin

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#pakistanieconomy #shehbazsharif #electricitycrisis
It’s a virtual emergency in Pakistan as the Shehbaz Sharif government is brought to its knees by a combination of economic factors. Faltering GDP growth, sky-rocketing prices and most importantly, a crumbling infrastructure are hurting Pakistan like never before. A desperate government has taken steps like limiting market hours to save on power, selling off its embassy building in Washington DC and hiking prices of food staples at state-run ration shops. The Pakistani currency has depreciated by 33% in the past year and the government is looking at Saudi Arabia to bail it out with loans.

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