Fractious politics hurt Pakistan’s economy
People can be forgiven for thinking or hoping that the political confrontation between Imran Khan’s PTI and the coalition government is beginning to ease.
People can be forgiven for thinking or hoping that the political confrontation between Imran Khan’s PTI and the coalition government is beginning to ease.
Hours after Pakistan Foreign Minister Bilawal Bhutto-Zardari arrived in New York for a series of meetings with US Secretary of State Antony Blinken, a State Department spokesperson assured Islamabad of strong support from Washington for their efforts to rebuild the South Asian nation's economy.
Pakistan has requested for a $12 billion help because its economy is in a shambles. The foreign exchange reserve is at $7.3 billion whereas a dollar itself buys 140 Pakistani Rupees. The monthly trade deficit is at $1.7 billion.
