According to the latest data, the economic downturn in Pakistan has resulted in a decline in almost all manufacturing and services sectors in the past one year and construction work has also slumped.
Apart from Pakistan, the Japanese bank said that there were seven countries including Egypt, Romania, Sri Lanka, Turkey, the Czech Republic, and Hungary now at a high risk of currency crises.
Looking at its falling economy, investors had also started losing their confidence in Pakistan's ability to pay back the loans. Neither, the creditors nor the market is impressed.