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Pak's deepening political-eco crisis may spill over into region: Experts

Business Standard LogoBusiness Standard2 mo ago

Pak's deepening political-eco crisis may spill over into region: Experts - Business Standard

Quick Summary:

As dwindling forex reserves, nationwide power outages, stampedes at state-run food distribution centres and a Pakistani rupee, which plunged nearly 50 per cent in a year to 260 to the US dollar on Monday, propels the neighbouring country towards being an international "basket case", Indian analysts believe there could be serious consequences for the region.

Amid this economic crisis, the Shahbaz Sharif government will begin crucial negotiations with the Washington-based IMF (International Monetary Fund) for a bail-out package on Tuesday which may come with "tough and possibly politically risky" pre-conditions of austerity, feeding into a bigger political crisis, they said.

The risk for India would not only be instability in Pakistan with its fall-out of rising extremism in the region but also unpredictable actions which could include bids to divert domestic public attention by focussing on an external enemy.


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Article Details

Author / Journalist: Press Trust of India

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-30 @ 12:49:00 (2 months ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1037 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 4962200

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 132 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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