Pakistan Economic Crisis Explained: Bhutto’s privatization, 23 IMF bailout packages, and overestimation of its geostrategic importance made Pakistan a failed economy.
The ratio of poverty in Balochistan (the World’s poorest province) stands at 71% which can only be overcome through a fruits revolution.
Pakistan economic crisis 2023: trade deficit of $48 billion, PSX becoming Asia’s 3rd worst-performing stock market, and foreign reserves of a mere $3 billion
Story of Pakistan in the IMF debt trap dates back to Ayub Khan, who got 3 IMF bailout packages. Today, 45% of all budget goes to loan repayments.