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What is Challenges in Pakistan about?

Pakistan is facing a dire macroeconomic crisis in 2019, with a rising current account deficit, growing public debt, and declining foreign exchange reserves. The current account deficit has ballooned due to high imports, particularly under CPEC projects, and low exports. Public debt has increased sharply due to currency depreciation increasing external debt. To address its economic challenges, Pakistan must improve its business environment to attract more investment, broaden its tax base, encourage industria

Author

Waqas Saeed

Language

EN