Pakistan is facing one experiencing an unprecedented combination of multiple economic problems and has been struggling to cope with them.
The most pressing issue is the country’s mounting debt. The government has been unable to repay its loans and has had to resort to borrowing from international lenders. This has resulted in a ballooning of the budget deficit, which has led to a deep economic slowdown.
The country is also facing an acute food shortage. High food prices have resulted in a rise in poverty levels, with millions of people unable to afford basic necessities such as food. This has led to a rise in malnutrition and hunger, especially among the most vulnerable sections of society.
The power outages have further worsened the situation. The country is already facing an energy crisis, with electricity shortages leading to long hours of power outages and businesses and households suffering as a result. This has further exacerbated the economic crisis and has put a strain on the country’s already shaky infrastructure.
The country’s economic crisis has hit rock bottom and the government is now desperately trying to come up with solutions to address the issues. International lenders are pushing for reforms to improve economic performance, while the government is taking measures to reduce its debt burden and improve the situation of the people. However, it remains to be seen whether these measures will be able to turn the situation around in the near future.