Pak economy at the edge of the cliff; Forex reserves for 'just two weeks left' | Report | Hindustan Times
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Pak economy at the edge of the cliff; Forex reserves for 'just two weeks left' | Report

Pakistan's economic crisis is reportedly going from bad to worse. The forex reserves in the State Bank of Pakistan (SBP) have recently touched the lowest mark of $4.34 billion, just enough for two weeks. This is just due to the ineptitude of the political class and the over-involvement of the army in decision-making, according to a Financial Post report. The low forex reserves have also become the reason for severe food inflation. Now, Pakistan, after getting a portion of a $6 billion loan from the IMF, hopes to also receive aid from international financial organisations and friendly countries. Watch this report for more.

 
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Wednesday, May 22, 2024
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