Pakistan on the way to become Sri Lanka?

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  • Опубліковано 12 жов 2024
  • Pakistan on the way to become Sri Lanka?
    A growing debt crisis, dwindling forex reserves and soaring inflation have pushed Pakistan to the brink of an economic disaster. These were some of the factors which contributed to the ouster of former Prime Minister Imran Khan in April this year through a vote of no confidence. His removal has created a turbulent period of political instability and uncertainty in the country.
    Today, the Pakistani rupee has been in free fall. It plummeted to an all-time low of 211 against the US dollar only in June this year, adding further pressure to the Pakistani economy. It now relies on financial aid from the International Monetary Fund (IMF) to help stave off an unimaginable economic crisis.
    Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years. Even in Pakistan, the crisis of Sri Lanka is in debate these days almost by every second Person because Pakistan's own financial and economic situation is no better than Sri Lanka.
    #SriLankaDefault #Pakistan
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