Pakistan, described as a "fragile economy" by the International Monetary Fund, is grappling with low foreign exchange reserves, piling debts, inflation, and sluggish growth. In addition, the country remains gripped under political turmoil with tensions simmering over the continued imprisonment of ex-premier Imran Khan.
The country's gross domestic product growth has been one of the slowest in Asia over the last quarter-of-a-century, advancing by just 3% annually between 1997 and 2022. The burgeoning inflation last year—peaking to as high as 37.8% in May 2023—crippled a significant section of the population, leading to a cost-of-living crisis.
And yet, in this period of gloom, Pakistan's stock market has marked a steep turnaround this year, outperforming major global peers.
Watch this video to know more.
#pakistan #stockmarket #economy
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