Pakistan economic crises : why nobody is ready to help Pakistan
Pakistan is currently facing an economic crisis that has been ongoing for several years. The country's economic woes are multifaceted and have been exacerbated by a range of internal and external factors. These factors include high inflation rates, a growing trade deficit, a massive current account deficit, a weakening currency, and a lack of foreign investment.
One of the primary drivers of Pakistan's economic crisis is high inflation rates. Over the past few years, inflation has been on the rise, with the rate reaching a record high of 14.6% in January 2021. This has led to a significant increase in the cost of living for many Pakistanis, particularly those living on lower incomes.
Another significant issue facing Pakistan's economy is a growing trade deficit. The country has been importing more goods than it exports, leading to a widening trade gap. This has put pressure on Pakistan's foreign exchange reserves, which have been declining steadily.
The country is also facing a massive current account deficit, which is a measure of the country's trade balance in goods and services, as well as investment income. Pakistan's current account deficit was estimated to be around $1.4 billion in 2020, a significant increase from the previous year.
The weakening of the Pakistani rupee is another factor contributing to the country's economic crisis. The rupee has been steadily declining in value against the US dollar, making imports more expensive and further exacerbating the trade deficit.
-
LIVE
The Big Mig™
20 hours agoDied Suddenly with Director Matthew Skow
612 watching -
LIVE
2 MIKES LIVE
2 hours ago2 MIKES LIVE #97 NEWS BREAKDOWN WEDNESDAY with SPECIAL GUEST BROOKE MCGOWAN
464 watching -
LIVE
Michael Feyrer Jr
22 hours agoGet Your Live Streaming Questions Answered! LIVE
74 watching -
1:40:24
SNEAKO
6 hours agoMOROCCO IRL 🇲🇦 - MOIST CRITIKAL QUITS YOUTUBE, YOURRAGE FIGHTS BACK, SNEAKO WINS AGAIN
63.8K68 -
1:34:01
Redacted News
4 hours agoBREAKING! Stunning New Details in Trump Assassination Plot Exposed | Redacted w Clayton Morris
115K358 -
2:04:45
Darkhorse Podcast
7 hours agoA Coup Against Merit: The 236th Evolutionary Lens with Bret Weinstein and Heather Heying
61.6K137 -
32:51
Peter Santenello
5 hours agoInside California's Lost Desert Town (isolated from society) US
49.6K43 -
1:00:06
In The Litter Box w/ Jewels & Catturd
22 hours agoKamala Didn't Earn It | In the Litter Box w/ Jewels & Catturd – Ep. 616 – 7/31/2024
76.6K36 -
10:00
KFC Radio
4 hours agoBarstool Employee Gets In Tub of 1,200 Bananas
36.6K5 -
1:33:49
Matt Kohrs
8 hours agoGET READY! Fed Chair Jerome Powell & FOMC Decision
60.2K5