Pakistan, with a GDP of US$ 374.6 billion in 2024, is the 42nd largest economy in the world. However, this economy has been in turmoil for the last few years. It has experienced rapid depreciation in the value of Pak Rupees, high inflation, and a decline in GDP & per capita income. There are several reasons for these major challenges faced by the Pakistani economy. However, the prime reason is the scarcity of foreign exchange. This scarcity of foreign exchange has been caused by a low level of exports, heavy dependence on imports, an increase in fuel and energy costs…
