Ibrahim Arat
@ibrahimarat17
GeoPolitical Expert: #SouthAsia, #CCPChina, #BRI, #CPEC watch, #Urdu nerd
ID: 1209072989922349057
23-12-2019 11:27:29
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The catastrophic episode of Pakistan's economy has exposed the hollow structure and system of #Pakistan's government which has left the country and its citizens in shambles. #PakistanEconomicCrisis Khurram Husain
#Pakistan's reserves have shrunk to less than half their size, while the rupee has lost 24% of its value against the dollar. Food and fuel prices continue to rise, leaving the salaried class vulnerable at a time when they should be protected by the state. Uzair Younus عُزیر یُونس
Can the stranglehold of elite over the economic & political system be broken? It seems like with time, elite's hold is only getting stronger as they have resisted all meaningful reform—whether land reform, tax reform, or reforms in governance. Husain Haqqani #PakistanEconomy
The economy of #Pakistan will never come back on track, and situation may continue to worsen both on economic and political fronts. Every govt tries to take short-term measures, driven by their political goals, which have disastrous repercussions for the economy. Raza Ahmad Rumi
Nothing changes in Pakistan. The country is unstable and wants to be under the direct control of #China. #CorruptPakLeaders are happy to rent their land to the highest bidder and do their dirty work. Husain Haqqani english.alarabiya.net/News/world/202…
While the revival of the IMF agreement, which still seems to be a work in progress, will bring some respite through an influx of dollars, it will only provide a breather for 3 months, as the programme ends in June 23. How will #Pakistan avoid default after that? Yousuf Nazar