Economic Crises & Political Misery in Pakistan

Economic Crises & Political Misery in Pakistan

The political unrest is engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier, this political situation will complicate efforts to secure a financial lifeline from the the International Monetary Fund.

Nationwide protests & Violent Clashes

The whole nation is protesting outside for political situation, arrest of Imran Khan and attacks on Military installations. Imran Khan was released from jail but all the violent protestors disturbed the peace of country.

The government can probably muddle through in the immediate term, but inflation, economic crises and political unrest is making it doubtful to get financial deal easily.

Growth of country has also slowed down to a crawl, while a severe shortfall of dollars is also hampering imports. Inflation in Pakistan also reached an annual rate of 36.4% while the cost of food increased by 47%.

Read more | Protest violators to face trials in Army Act

A spokesperson for International Monetary Fund alsp talked about the situation saying, “heavily engaged with authorities in Pakistan which faces a very challenging situation right now”. Yet investors are experts are skeptical that Pakistan and IMF can reach an agreement for unlocking funds.

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