Posted 2/19/2024, 3:09:19 AM
Pakistan Faces Mounting Economic Pressures with Low Reserves, Growing Deficits
- Pakistan's foreign exchange reserves are very low, unable to cover even 2 months of imports
- Growing trade deficit and import bills may put pressure on the rupee
- Incoming coalition government will likely need to boost imports, exports may be hampered
- Foreign investment inflows remain low compared to Pakistan's large balance of payments deficit
- External debt servicing will continue to exert pressure on Pakistan's currency
