Blackouts, soaring prices and IMF bailout: Pakistan's economic crises deepens

Pakistan is gripped by a major #economiccrisis, with the rupee plummeting. Inflation has skyrocketed to a 48-year high at 27.55 percent. The country has less than $3.7 billion in the state bank -- enough to cover just three weeks of imports. Traders have warned of a likely shortage of essentials like ghee and cooking oil. The ban on imports and the significant depreciation of the currency has severely hurt businesses.