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Al Jazeera
Al Jazeera
Business
Alexander Kozul-Wright

In Pakistan, old hopefuls jostle to turn around struggling economy

An unfolding political crisis is also threatening Pakistan’s economic recovery [File: Fareed Khan/AP Photo]

Pakistani voters head to the polls on Thursday amid a deep-seated economic crisis. Inflation is hovering at 30 percent, close to 40 percent of people live below the poverty line, and the debt-to-gross domestic product (GDP) ratio has climbed to 72 percent. Pakistan’s new government will have to contend with these and an ageing public infrastructure.

“We have power outages every day for two hours,” says Muhammad Waqas, a janitor from Islamabad. “In the summer, when it’s hot, you sit idly and suffer.”

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