Pakistan: Bottoming Out to Nowhere

Stability of currency is one of the most visible factors for a healthy and growing economy. But not for Pakistan. Consistent decline with PKR now trending at lowest levels against USD. 282 PKR against one USD. Forex reserves of just $4.3 billion with $21.95 billion debt servicing due this year to repay huge $126 billion external loans. No option but to take more loans. Sky-high inflation at 31.5% with depreciating per-capita income, from $1698 in 2018 to $1658 in 2022. The script has gone blank with no positive signs ahead. The country seems completely lost.

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