Pakistan's economic crisis explained Important lessons for India Abhi and Niyu
- 2 years ago
In this video, Abhi and Niyu discuss the economic crisis in Pakistan. Today, Pakistani ministers are asking people to drink less tea in order to save the country. This may sound absurd but Pakistan spends more than $600 Million on tea imports every year!
Pakistan is lurching from one crisis to the next. There was the long drawn out political crisis with Imran Khan refusing to leave the prime minister's chair until he finally had no choice and Shehbaz Sharif was sworn in as PM. But the country is now staring at a huge economic crisis. Pakistan faces $6.4 billion in debt due over the next three years as Prime Minister Shehbaz Sharif's new government is trying to meet bailout terms set by the International Monetary Fund.
Pakistan is lurching from one crisis to the next. There was the long drawn out political crisis with Imran Khan refusing to leave the prime minister's chair until he finally had no choice and Shehbaz Sharif was sworn in as PM. But the country is now staring at a huge economic crisis. Pakistan faces $6.4 billion in debt due over the next three years as Prime Minister Shehbaz Sharif's new government is trying to meet bailout terms set by the International Monetary Fund.