What the hell is happening to inflation in Pakistan? Surely this is not sustainable from a social stability standpoint? Sri Lanka’s woes are well documented but can anyone shed light on what is happening here and the situation on the ground?

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Jiya Bhutto!

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Deflation in dollar will always lead to weakening of all global currencies as currently seen. That’s what you get when global financial system is tied to a fiat currency purely based on trust and that country starts printing away currency like there’s no tomorrow. USA printed trillions during covid and is now pulling back by increasing interest rates

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D2 is right on this. Unfortunately, I think all countries followed with big stimulus packages during Covid but their forex reserves could not sustain it

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Pattern is the same with INR

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Pakistani people are very worried??? What are you talking about

AD1: OP wanted to know what is the ground situation. It is not about India vs Pakistan. Why are you making this as something negative? You said Pakistani people are not concerned. Is it what you are hearing from friends or family in Pakistan?. Really hope that’s the situation is not bad and what you say is right.

Haha EY2, where did you hear that from? And why do you worry?

Pakistan received emergency relief from IMF recently, that will help them avert Sri Lanka type of meltdown. Unlike Sri Lanka, they engaged IMF earlier. With that said, they will still feel the pressure like many other emerging economies. As with Sri Lanka , they have borrowed a lot from China and elsewhere ..so similar issues

Source : https://www.wsj.com/articles/sri-lanka-meltdown-hints-at-troubles-in-developing-world-11657817654

I know it is behind the paywall. I can’t paste the entire article. But in India’s context , this is what wsj has to say :

“That isn’t the case with big­ger emerg­ing mar­kets like In­dia, Brazil and Mex­ico that can fi­nance them­selves partly through lo­cal mar­kets and avoid tak­ing on dol­lar-linked debt.”

IMF loan milgaya

Saw this:( as a half paki half Indian the economy always makes me sad, Pakistan just doesn’t have enough big industries besides military and corruption. Bangladesh is winning jn textiles and sports equipment isn’t big enough even tho it’s something. Also the inflation caused by many factors and a weak rupee is sad but don’t know what solution would be

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