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In the Name of God بسم الله

Pakistan's 'economy'


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Following the Sri Lankan trajectory

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Pakistan’s economy is at risk of collapse, with rolling blackouts and a severe foreign currency shortage leaving businesses struggling to operate as authorities attempt to revive an IMF bailout to relieve the deepening crisis.

https://www.ft.com/content/560319d3-df5c-476c-9005-8f4bea09eac9

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Struggling with a foreign-exchange crisis, the government has slapped bans on imports. Allied with rising costs – fuel has doubled since 2020 and electricity bills have tripled – it has led to mass closures of businesses and millions of job losses. Prices of ordinary foodstuffs such as flour, onions and oil have risen steeply. Meat has become unaffordable except for the well off.

Daily reports are circulated on WhatsApp groups of armed burglaries, muggings and carjackings at gunpoint. Teachers at non-elite schools report a spike in marital strife, domestic violence and mental illness. 

 

https://www.theguardian.com/commentisfree/2023/mar/07/pakistanis-leaving-country-inflation-job-losses-crisis

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Commercial ties between Pakistan and Israel. Linked to IMF loans?

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