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Pakistan narrowly avoided a sovereign debt default in 2024 and succeeded in securing relative economic stability through an International Monetary Fund bailout, a report said. However, the year brought increasing challenges, including higher taxes and an economic recession, which left the wage-working class under enormous pressure. The government’s decision, under IMF terms, to raise the … Read more

Pakistan narrowly avoided a sovereign debt default in 2024 and succeeded in securing relative economic stability through an International Monetary Fund bailout, a report said. However, the year brought increasing challenges, including higher taxes and an economic recession, which left the wage-working class under enormous pressure. The government’s decision, under IMF terms, to raise the … Read more