
Pakistan is passing through an economic crisis. Trade deficit, external debts, foreign exchange rate, and forex reserves are a source of concern for national and economic security.
Pakistan needs to navigate the situation carefully. Pakistan’s foreign exchange reserves currently stand at around US $4.5 billion which are not enough for even one month’s imports. Receiving pledges worth US $10 billion — more than the targeted US $8 billion — for flood recovery has provided some relief. Though details remain to be ironed out, an influx of even a portion of that aid this year would bolster foreign reserves. … Read Full Article
An Economic Agenda That Is Sadly Being Ignored