Apparently Pakistan's economy is sliding down - two of the most hit sectors are textile and automobiles, one is struggling to export Pakistani products due to ongoing shortage of multiple items needed for their production lines to keep running.
Automobile sector is worst hit by unannounced restrictions on imports, falling rupee and unaffordable prices of the vehicles - it is compounded by increasing interest rates, resulting in very low demand, hence cutting down production shifts. relieving employees permanently and offering employees to go on leaves - to ensure their operations are sustained.
if it was not enough, Ukraine war has resulted in panic LPG buying by European superpowers, leaving countries like Pakistan struggling to secure even 50% of their demanded supplies. which as a result will impact any of the leftover economic activity in Pakistan.
Political stability have long been described as an elusive commodity which had its own bearing on us.
Tough and interesting times ahead!
