Understanding Pakistan’s Poly-Crisis – And Navigating a Path Forward

By Sakib Sherani

INTRODUCTION

Pakistan is experiencing severe economic conditions as a result of a confluence of multiple crises. The
economy has elevated external financing needs well into the medium term, and requires deep
restructuring, both structurally as well as institutionally. Resolving these challenges is necessary for a
sustained economic recovery. However, the fact that Pakistan is entering a “debt workout” phase that is
likely to last several years, will influence the outlook for the economy over the medium term. The need
for debt restructuring or re-profiling will be accompanied by a requirement for substantial fiscal
consolidation that will presage a period of suppressed growth, restrictive financial conditions, and a
degree of economic uncertainty. Read More

Your Comment:

Related Posts

23

Sep
Print Media

Pakistan’s economy on edge of precipice, warns World Bank

By Khaleeq Kiani Published in Dawn on September 23, 2023 ISLAMABAD: Pakistan is in its tipping point crisis where it should decide to remain a laggard with 40 per cent population living below the poverty line under elite capture and policy decisions driven by strong vested interests of military, political and business leaders or change course to […]

22

Sep
CIMRAD, Print Media

‘Exodus’ from Pakistan

By Nasra M. Shah Published in Business Recorder on September 22, 2023 Recent times have witnessed much hype around the whole phenomenon of mass emigration -or as some like to term it the ‘brain drain’ – from Pakistan as we are told that more and more of our skilled professionals are leaving the country while others are[…]