The use of red carpets at official government events has been banned in Pakistan. The Cabinet Division imposed a ban following the orders of Prime Minister Shehbaz Sharif
Pakistan s political impasse may end with a coalition government, but economic worries persist over the finance minister appointment. The PML-N faces a choice between an experienced banker or a new face. The PPP opposes Dar s appointment. The IMF deal is crucial for Pakistan s credit profile.
A report from Islamabad-based think tank Tabadlab warns that Pakistan's debt situation is unsustainable and heading towards an inevitable default. The country's debt has reached alarming highs, posing a devastating economic spiral. Find out more about the severity of Pakistan's debt crisis.
The quantum of debt Pakistan requires is growing faster than the net output of the economy (GDP). This means that the economy s ability to grow or increase output is constrained. This is unsustainable, Tabadlab, an Islamabad think tank said in a report.