Over the past few years, Pakistan’s economy is facing a bad patch. Some of the economic parameters are at a still and majority of them are deteriorating. The government is unable to fulfil the needs of the population due to this sluggish growth and widening fiscal imbalance. The country’s current account deficit swelled by 43 percent to highest-ever level of $18 billion in the fiscal year ended June 30, 2018. It may deteriorate further during the current fiscal year thus creating serious challenges for the state. On top of this, Pakistan’s circular debt has almost doubled compared to 2013. The…
