Pakistan Faces Economic Headwinds with High Inflation, Currency Devaluation, and Rising Debt
• Pakistan's GDP growth projected at 2% in 2024 and 2.4% in 2025 by UN report
• High inflation rate of 39.18% in 2023 prompted record-high 22% policy rate
• Pakistani rupee devalued by over 20% in 2023
• External debt is 36.5% of Pakistan's GDP in 2023
• Government debt-to-GDP ratio reached unsustainable 89% in 2022