Pakistan's Economic Challenges
Pakistan has faced a number of economic challenges in recent years. One of the major challenges has been high inflation, which has persisted despite the central bank's efforts to control it through interest rate hikes. This has been due to a combination of factors, including rising food and fuel prices, as well as a weak rupee.
Another major challenge for Pakistan's economy has been the large trade deficit, which has been driven by a combination of factors, including low exports and high imports. The country has also struggled with a shortage of foreign exchange reserves, which has made it difficult for the government to finance its import needs and pay off its foreign debt.
Infrastructure development is also a challenge, Pakistan has struggled to invest in infrastructure and energy production, which has led to chronic power shortages and blackouts. This has hurt economic growth and made it difficult for businesses to operate.
