Pakistan’s perfect storm and what lies ahead


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Pakistan, today, is facing another perfect storm with four major crises – economic, political, institutional and security. A serious economic crisis looms, with low exchange reserves and the threat of defaulting on loans. The Pakistan Tehreek-e-Insaf (PTI), a political party, is on a warpath, aiming to bring the government down. The President has announced an election schedule without consulting the Parliament or the Election Commission. The Pakistan Taliban is on a rampage, and the Pak-Afghan border remains unstable. Will the government be able to keep Pakistan on track? Pakistan’s foreign exchange reserves have been depleting since 2022. According to the...