Part 11/15:
For Pakistan, the pandemic’s impact has been particularly devastating. Lockdowns, reduced tourist activity, and declining exports have led to a significant economic slowdown, shrinking GDP growth from around 5.8% to below 1%. The pandemic-induced economic strain has disrupted employment, heightened inflation to over 9%, and increased unemployment, further complicating debt repayment plans. The country now faces a delicate balancing act: managing its debt obligations, stimulating growth, and preventing further economic downturn.