Discover and read the best of Twitter Threads about #PakistanBankrupt
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Pakistan was always doomed to be a failed state.
Excerpt from V.S. Naipaul's excellent book - Among The Believers.
[Picture Thread]
Excerpt from V.S. Naipaul's excellent book - Among The Believers.
[Picture Thread]
"Pakistan in Crisis: A Look at the Challenges Facing the Nation"
[THREAD🧵]
1) Depleting Foreign Reserves
Foreign reserves are necessary to cover the cost of imports, including nearly all of Pakistan's oil needs.
#PakistanBankrupt #PakistanEconomicCrisis
[THREAD🧵]
1) Depleting Foreign Reserves
Foreign reserves are necessary to cover the cost of imports, including nearly all of Pakistan's oil needs.
#PakistanBankrupt #PakistanEconomicCrisis
The nation currently has a remaining reserve that will last for only one month.
2) Pakistani Rupee Depreciation
The Pakistani rupee has been steadily losing value compared to the dollar, making imports more expensive.
2) Pakistani Rupee Depreciation
The Pakistani rupee has been steadily losing value compared to the dollar, making imports more expensive.
This results in increased costs for the same goods, which further diminishes the country's foreign reserves."
3) Flood
The floods that occurred in Pakistan in 2022 resulted in an estimated $30 billion in economic damages.
3) Flood
The floods that occurred in Pakistan in 2022 resulted in an estimated $30 billion in economic damages.
