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Pakistan Trudges Along a Familiar Economic Path

Sep 21, 2018 | 09:00 GMT
Pakistani rupees. Because of a widening trade deficit, Pakistan will continue to rely on external funding to plug its foreign exchange requirements.

Pakistani rupees. Because of a widening trade deficit, Pakistan will continue to rely on external funding to plug its foreign exchange requirements.

(Shutterstock)

As Prime Minister Imran Khan tries to set a new direction for Pakistani politics, his administration is urgently seeking to resolve the country's most serious macroeconomic challenge: boosting its dwindling foreign exchange reserves. As of Sept. 7, the State Bank of Pakistan's net reserves remained beneath $10 billion. That's less...

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