Pakistan Faces Economic Storm of Inflation, Job Losses, and Political Instability
-
Pakistan's economy is in crisis, with soaring inflation and millions struggling to afford basic necessities due to job losses and price hikes.
-
The crisis has been exacerbated by political instability, devastating floods last year, and an exodus of factories producing exports like clothing.
-
Pakistan has a poor international reputation and business environment, limiting foreign investment despite potential from its large young population.
-
The new government faces economic challenges including reducing debts, stimulating growth and jobs, and gaining credibility with disillusioned citizens.
-
Major investments from China in infrastructure could boost Pakistan's economy but also expose it to significant liability from the debt incurred.