Imran Khan Government's Midterm Review: Economy and Foreign Policy
Imran Khan's government has completed about half of its 5-year term it won in 2018. What are its accomplishments? Where has it failed in terms of economy and foreign policy. Economy: Imran Khan inherited a serious balance of payments crisis cased by flat exports and record high imports in 2013-2018 period under Pakistan Muslim League (Nawaz) government. while the PTI government was still dealing with it, the country and the world were hit by COVID19 pandemic that devastated the global economy. Pakistan's Trade July2020-Jan2021. Source: Arif Habib The 2019 International Monetary Fund's bailout required the PTI government to significantly devalue the Pakistani rupee to make exports competitive, and to raise interest rates to slow down imports. These actions triggered inflation, particularly food inflation , as energy and fertilizer prices rose. Export Growth in South Asia. Source: Wall Street Journal The global COVID19 pandemic hit Pakistan ...