Many Pakistanis, especially the younger generation, are attempting to emigrate abroad in pursuit of employment and scholarship possibilities amid a severe economic downturn and hyperinflation.
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
A journalist based in Gilgit Baltistan has claimed that people in Pakistan-occupied Kashmir (PoK) are facing high inflation and their lives are ruined.
The lack of coordinated fiscal and monetary policy responses, coupled with the complete inability of the central bank to keep inflation within the target range has led to a scenario where the country is on the verge of a hyperinflationary cycle.
Kathmandu [Nepal], February 21 (ANI): With the country scheduled to go to polls on May 13 and rising fuel prices, Nepal may face a hyperinflation situation in the coming months.