Posted 2/13/2024, 3:07:27 AM
Pakistan's Deepening Economic Crisis Highlights Lack of Credible Recovery Plan
- Pakistan faces major economic challenges - contracting economy, high inflation, growing debt, falling investment
- Entire tax revenue exhausted on pensions, debt payments - government running perpetual deficits
- People frustrated with economic situation and ruling elite being disconnected
- Experts highlight need to restore credibility with US, address inflation, energy crisis
- Economist Atif Mian says "no one has a plan to fix the economy" and leaders have "lost all trust"
