Pakistan's Endless Economic Crisis - Episode 1 | Dr. Salman Shah with Nasir Baig
Автор: Vlog Central
Загружено: 2023-04-18
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The International Monetary Fund (IMF) has downgraded Pakistan's growth estimate for fiscal year 2024 to two per cent, according to a report issued on Tuesday. The Fund's World Economic Outlook (WEO) for January said the estimate was downgraded by 0.5pc from 2.5pc in October's outlook.
10 February – 2024 Pakistani general election: Despite a lead by candidates affiliated with Imran Khan's Pakistan Tehreek-i-Insaf, the Pakistan Muslim League (N) (PML-N)'s Nawaz Sharif claims victory amidst allegations of military-led rigging.
According to data shared by the State Bank of Pakistan, as of January 2024, Pakistan's external debt servicing burden for the next 12 months equals almost $29 billion. That is almost 45% of the country's expected dollar income – in other words, income from exports and remittances.
Pakistan's debt-to-GDP ratio is already above 70% and the IMF and credit ratings agencies estimate that the interest payments on its debt will soak up 50% and 60% of the government's revenues this year. That is the worst ratio of any sizable economy in the world.
Pakistan's Endless Economic Crisis - Episode 1 | Dr. Salman Shah with Nasir Baig
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