Pakistan's Economy Worsens: Stabilization Fails to Curb Poverty, Growth Stalls

Pakistan's economy shows no encouraging signs, with businesses and consumers struggling, and political frustration mounting over inadequate performance. Despite fiscal surpluses, extreme poverty is four times higher than in Bangladesh and India, as current stabilization policies stifle growth and employment. The editorial criticizes missing fiscal reforms, unchecked government expenditure, and cuts to development, health, and education spending to meet IMF targets. This dire economic outlook could further weaken the PKR against the USD, potentially driving up local gold prices as investors seek safe havens amidst growing instability.

بحوالہ / Source: www.brecorder.com