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

Published: 05th February 2023 06:33 AM  |   Last Updated: 05th February 2023 06:35 AM  

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.

India Matters


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