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  2. Current economic challenges in Pakistan include12:
    • Severe economic meltdown characterized by depletion of reserves and an overwhelming burden of ungovernable debt.
    • Soaring inflation.
    • Political strife between different political parties.
    • A surge in terrorism.
    • Structural issues, lack of foreign direct investment, unemployment, and stagnant growth.
    Learn more:
    The nation has been grappling with a severe economic meltdown characterized by depletion of reserves and an overwhelming burden of ungovernable debt. The country is currently confronted with mounting challenges such as soaring inflation, political strife between different political parties, and a surge in terrorism.
    www.pakistantoday.com.pk/2023/07/24/pakistans-…
    The economy of Pakistan has struggled to take off for the past couple of decades even with financial stimuli from international monetary institutions. Structural issues, lack of foreign direct investment, unemployment, and stagnant growth continue to shape a dismal economic outlook.
    nips.nust.edu.pk/wp-content/uploads/2020/07/Econ…
     
  3. People also ask
    How did economic imbalances affect Pakistan?Accumulated economic imbalances, including high fiscal deficits and increasing debt, depleted Pakistan’s policy buffers resulting in high vulnerability to the catastrophic floods, high world commodity prices, and tight global financing conditions.
    How has economic growth impacted Pakistan's economy in fy24?After a contraction in FY23, economic activity has strengthened over the first half of FY24 on the back of strong agricultural output. This, together with improved confidence, also supported some recovery in other sectors. But growth remains insufficient to reduce poverty, with 40 percent of Pakistanis now living below the poverty line.
    How can Pakistan solve its economic problems?In the longer run, Pakistan’s main problems can be solved by designing a credible sustainable future economic trajectory that inspires consumers and investors’ confidence. Economic decisions are based on expectations about the future economic path as well as on the degree of certainty/confidence of development prospects.
    How has economic malaise impacted Pakistan?The economic malaise has fuelled popular anger towards the government, which Shehbaz Sharif headed in 2022 and 2023 after Khan was ousted by parliament. It also increased the appeal of the PTI. Analysts said Pakistan needed both a new IMF programme and painful economic reforms to avoid a debt restructuring.
     
  4. Pakistan’s Economic Crisis: What Went Wrong? – The …

    WEBMay 2, 2023 · The country’s current situation has multiple causes, including overall poor economic management, corruption, and excessive spending on defense and the armed forces. In a country where half the...

     
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