Pakistan is in the midst of an "economic meltdown" as its forex reserves dropped by over 40 per cent since the exit of Miftah Ismail and the taking over of Ishaq Dar as the new Finance Minister, reported The Express Tribune.Amid growing fears of an economic meltdown, senior analysts have said that the government needs to fix responsibility for the depletion of Pakistan's foreign exchange reserves in a matter of months otherwise "course correction" won't be possible."Who is responsible for the depletion of our foreign exchange reserves in a matter of months? The government has to fix responsibility," said Naveed Hussain, Editor (Print & Digital) of The Express Tribune, while speaking on ExpressNews talk show 'Experts' on Thursday."In April 2022, the state coffers had nearly USD 11 billion, but the reserves plummeted to USD 7.8 billion by August," he added while referring to the time when the PDM took over the government after ousting Imran Khan through a vote of ...
