Why Pakistan staring at bankruptcy ?
Teaminfosky
February 13, 2023
General Knowledge
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Tags: bankrupt, economic crisis, news update, pakistan news, pakistan news updates
Pakistan is facing an economic crisis due to a combination of factors, including high levels of debt, a large trade deficit, and a shortage of foreign currency reserves. This has led to a banking crisis in the country, with several banks facing liquidity issues and a decline in public trust in the banking sector.
One of the main factors contributing to Pakistan’s economic crisis is its high levels of debt. Over the past several decades, the country has accumulated a large amount of debt, both domestically and internationally, which has put a strain on its … Continue Reading