Pakistan’s failing economy is forcing ports to shut down operations

InflationMoney MattersTrade & Border IssuesHot Spots
Written By Jennifer Joslyn

🇵🇰 Pakistan’s failing economy is forcing ports to shut down operations.

Unable to fund imports due to the country’s depleting foreign currency reserves, Pakistan is abandoning containers full of goods at the ports. Additionally, the country’s largest companies have ceased operations due to the extreme shortage of raw materials and forcing the economy is face debt default if the trajectory doesn’t change soon. Multi-decade inflation is the main cause of tapering demand and the slowdown of the economy has brought the situation to critical levels.

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Jennifer Joslyn
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