Articles
| Open Access |
DOI:
https://doi.org/10.55640/ijefms-9121
ASSESSING PAKISTAN'S CURRENT FINANCIAL PROBLEMS: A CLOSER LOOK AT THE ECONOMIC CHALLENGES FACING THE COUNTRY
Mr. Sardar Ali , Lahore University Of Management Sciences (LUMS), PakistanAbstract
This paper aims to evaluate the current financial problems facing Pakistan, highlighting the major economic challenges confronting the country. The study employs a mixed-method research approach, which includes both quantitative and qualitative data analysis. The research findings suggest that Pakistan is facing a host of economic challenges, including high inflation, low foreign exchange reserves, a large fiscal deficit, and mounting public debt. In addition, the country's economic growth has been sluggish, with low productivity and declining exports. The study further identifies the causes of these problems, such as poor governance, corruption, and political instability. To address these issues, the paper recommends a comprehensive reform agenda that includes measures to improve tax collection, enhance export competitiveness, reduce public debt, and increase foreign investment. The findings of this study provide valuable insights into the current state of Pakistan's economy and offer policymakers a framework for developing effective strategies to address these challenges.
Keywords
Pakistan, financial problems, fiscal management
References
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