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First Power Shortages, Now A Food Crisis Erupts In Pakistan

First Power Shortages, Now A Food Crisis Erupts In Pakistan

BusinessToday.In
BusinessToday.In
  • New Delhi,
  • Jan 10, 2023,
  • Updated Jan 10, 2023, 3:26 PM IST

Pakistan's economic crisis continues to worsen. Pakistan PM Shahbaz Sharif is in Geneva seeking IMF's aid to rebuild the country’s economy. This comes even as Pakistan's foreign exchange reserves plummeted to an eight-year-low of just US$5.5 billion. While the fear of default persists, starvation, shortage of essential items, and acute deprivation have pushed the Pakistani populace to the edge.

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