February 24, 2024 1:03 pm
Pakistan’s new government confronts two daunting challenges with inflation surpassing 30 percent

The recent parliamentary elections in Pakistan were marked by violence, uncertainty and challenges. Before the elections, there were terrorist attacks that caused over 40 deaths, and two candidates were shot. Election observers noted that the uncertainty surrounding the election results was exceptionally high, and the slow vote count was attributed to poor internet connections and information hoarding by authorities. Despite these challenges, the Pakistan Muslim League and the PTI party both claimed victory in the elections.

The incoming government in Pakistan faces significant challenges, including political instability, economic instability, and a population that is heavily impacted by poverty and inflation. Pakistan’s foreign exchange reserves have dwindled, and the country’s currency has lost over 50% of its value. The government must negotiate with the IMF for a new payment program and take steps to reduce expenses, as well as address climate change-related disasters.

Pakistan’s geopolitical situation is also complex due to its location as a neighbor to India, Afghanistan, Iran, and China. China has invested in infrastructure projects in Pakistan, but neighboring countries are also unstable and present security and political challenges. India benefits from Pakistan’s instability while Afghanistan and Iran pose unpredictable threats. Additionally

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