New Delhi, July 19
Pakistan’s economy is in danger of a collapse due to the economic fallout of the Russia-Ukraine war, according to a report by Michael Rubin, a senior fellow in Washington-based magazine, National Interest.
Last week, Fitch Ratings identified 17 countries, including Pakistan, which could be on the verge of default. Russia has been included in the list because despite having the money it has been unable to pay its foreign creditors as the US Government has barred entities from accepting money from Moscow.
“Russia’s invasion of Ukraine sent economic shockwaves across not only in Europe, but also in the broader Middle East. Pakistan, whose economy is already weak because of decades of corruption, mismanagement and unstable governance, has been particularly vulnerable,” said the report. Afghanistan’s Chamber of Commerce and Investment has said the collapse of Pakistan’s economy would have a negative effect on Kabul. “If the prices of wheat are cheap in Afghanistan, it will be smuggled, but so far it has no happened,” said K Alikozai of the ACCI.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
ED files chargesheet against Delhi CM Kejriwal in excise policy case, names AAP as accused
Arvind Kejriwal is currently out of jail on interim bail
Excise policy case: Supreme Court reserves verdict on Delhi CM Kejriwal’s petition challenging his arrest in money-laundering case
AAP National Convenor was arrested by ED on March 21
Bibhav Kumar said ‘Neech aurat, tujhe sabak sikhayenge’, repeatedly slapped me, kicked me in the chest, pelvis while I had periods, alleges Swati Maliwal in FIR
The Rajya Sabha MP of the Aam Aadmi Party gives a graphic ac...
'Political hitman' back to old ways of saving himself: Swati Maliwal on video footage surfacing from Kejriwal's house
A video from Kejriwal’s house has surfaced
Bridges burnt—can Arvind Kejriwal and AAP recover from the Swati Maliwal controversy
While BJP makes it all about women’s ‘asmita’, unverified vi...
