The economy of Pakistan is undergoing rapid change at the moment. Even while there have been some encouraging developments in the first few months of FY25, including headline inflation falling to multi-decade lows, a current account surplus, and the lowest budget deficit since FY05, these developments are insufficient.
The situation is still hazardous even if they are backed by fiscal consolidation, conservative monetary policy, and the Extended Fund Facility (EFF) program of the International Monetary Fund (IMF).
However, there is a shaky foundation beneath these green sprouts. The regional and global environment is still unstable.
