CURRENT STATE OF PAKISTAN’S ECONOMY

Abstract

The article analyzes the situation in Pakistan’s economy under the new government of the country, formed after the parliamentary elections in July 2018. It is observed that in 2018–2020 the rates of economic growth have slowed considerably. The government has faced problems of acute fiscal and current account deficits and was forced to agree to large doses of foreign financial assistance. The economic situation by the beginning of 2020 has somewhat improved, but the dependence of the economy on external factors remains, causing risks which do not allow to argue that the crisis and stagnation would be overcome in the nearest future.