Press coverage of the post-election situation in Pakistan has shifted slowly from the initial focus on Imran Khan’s links with the army, and a Khan government’s likely policy vis-à-vis India, to the country’s dire economic situation. The last two are linked, but more on that in a moment.
Pakistan’s foreign exchange reserves have dipped sharply this past year, while the current account deficit has soared and bulk loan repayments loom over the horizon. The Pakistani rupee has taken a tumble, even as the central bank has jacked up interest rates sharply, by 100 basis points last month following an increase in
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
