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Actors & Factors Behind Deepening Economic Crises in Pakistan

Actors & Factors Behind Deepening Economic Crises in Pakistan

Pakistan’s economy has been suffering from years of mismanagement and political expediency. And that is why every now and then, the successive governments after coming into power, religiously end up seeking controversial IMF bailout packages and bilateral borrowings from friendly countries like China and Arab States to pay back previously taken accumulated external debt. This unending vicious cycle is now putting Pakistan at the risk of defaulting on its external borrowings. And there appears to be no remedy in sight to turnaround the economy given renewed political instability precipitated by the ouster of Prime Minister Imran Khan from power in April this year in an un-ceremonial manner.

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