In September 2022, the International Monetary Fund (IMF) released an installment of 1 billion 16 million dollars to Pakistan to address the country's financial crisis. However, less than three months later, a new economic crisis has emerged, and the IMF has tightened its conditions.
The situation in Pakistan has worsened due to poor planning by economists, unrealistic analyses, and wrong decisions. The proposed "mini-budget" by the government has further widened the gap between the market and the people. Hoarders have taken all the food and set their prices, and petroleum prices have reached their peak, making everything in the market unaffordable for the poor.
The national economy has received an irreparable blow due to global events and floods, but the most concerning thing is the country's business political class. The question remains whether Pakistan will go bankrupt.
Despite the IMF's aid, the country's economic crisis has deepened, leaving its people in a dire situation. This article explores the factors contributing to the crisis and the potential consequences for Pakistan's future.
