Timeline: The economy of Pakistan is in its worst phase

Apr 25, 2023 | International News, News

Despite efforts to obtain bailout funds from international financial institutions like the IMF, Pakistan’s economic problems don’t appear to be getting any better.

Pakistan’s public debt has increased to a startling $270 billion and it’s foreign reserves have reportedly shrunk to a meagre $3.7 billion, hardly enough for a few weeks of energy and imports to keep its cities and companies operating.

The following timeline looks at the key circumstances that contributed to the economy’s downfall and led to the ruin of the Pakistani economy.