Pakistan is roiled by multiple crises at once, with little end in sight
Pakistan is roiled by multiple crises at once, with little end in sight Enlarge this image toggle caption Muhammad Zubair/AP Muhammad Zubair/AP ISLAMABAD — Sometimes the life story of a country can be seen in days. Sponsor Message "Pakistan, simply, has run out of luck," says Yousuf Nazar, a former head of Citigroup's emerging markets investments and a political economist. What began as a dollar crisis "turned into a supply chain crisis, where do not have enough inputs to export – and we can't really get more dollars unless we export," says Ammar Khan, an economist and non-resident senior fellow at the Atlantic Council's South Asia Center. Sponsor Message "This is the worst economic crisis that Pakistan has faced in decades," says Maleeha Lodhi, a former Pakistani ambassador to the U.S. and U.N. "Pakistan doesn't have sufficient dollars to import items like fuel and edible oil," says Khan.
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