In 2022 – 23 Pakistan's economic crisis is an ongoing economic crisis and part 2022-2023 political unrest in Pakistan. It has caused serve economic challenges for months. Owing to this food, gas, and prices have risen. Besides this, Ukraine has caused fuel prices to rise worldwide. Excessive external borrowings by the country over the years raised the specter of default.
Furthermore,
causing the currency to fall and makes imports more expensive in relative
terms. In June 2022, inflation was at an all-time high, along with rising food
prices. Poor governance and low productivity perception comparison with other
low to middle-income developing payment crises, where the country is unable to
earn enough foreign exchange to fund the imports that it consumes.
Finally, I request the government of Pakistan that takes serious
action on it.
Mahira Murad
Turbat, Kech
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