Economy!

Pakistan is in the grip of a disastrous economic crisis. High inflation has destroyed the livelihoods of ordinary people, and there are widespread shortages of essential goods like food and fuel. Economic growth has also dropped dramatically. Pakistan's debt to other nations has increased, and the country has almost no foreign exchange reserves. So how did Pakistan get here in the first place? From 1960 to 1990, Pakistan was one of the economies in South Asia that grew at the fastest rate. Pakistan's political leaders have struggled for decades to effectively tax their population; currently, only one percent of Pakistanis pay their taxes, and the country has one of the lowest tax-to-GDP ratios in the world. This means that the government does not have the resources it needs to build infrastructure, provide health care, and generally invest in growing the economy. Corruption has also been a problem because the rich Elites who own a large portion of Pakistan's land and produc...