ECONOMY IN DIRE STRAITS, INDIA'S INDUS WATERS TREATY BLOW

Pakistan may not want to go to the world with a ‘begging bowl’, but the fact remains that its economy is in dire straits. During a recent address, Pakistan Prime Minister Shehbaz Sharif acknowledged the country’s extremely poor economic condition and emphasised that the world does not want it to come to it with a ‘begging bowl’. He said Pakistan needs to focus on international investments rather than financial assistance.

However, seeking bailout packages is not new for Pakistan. It has a long history of asking for loans and funds from external institutions and countries, and doing little to improve its economic indicators. Recently, Pakistan's National Accounts Committee said that the country’s GDP growth fell short of official projections for FY 2024-25, achieving only 2.68 per cent growth compared to the targeted 3.6 per cent.

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