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360info
360info
Business
Wajid Islam, Khyber Pakhtunkhwa Technical Education and Vocational Training Authority and Junaid Ahmed, Westminster International University Tashkent

Pakistan’s debt is a teetering house of cards

Pakistan is on the brink of default and waiting for a miracle — running from pillar to post to find a messiah which can right its teetering economy.

The world’s fifth most populous country faces a wave of problems on multiple fronts ranging from political instability, climate change and an economic crisis that can push it off the same cliff as Sri Lanka. 

Intense floods not only inundated Pakistan’s land but drowned its fragile economy just as it was recovering from the COVID-19 pandemic.

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