Political Mayhem, Plunging Rupee & Rising Terror: Explaining Pakistan's Misery in 10 Points – News18

In the last 40 days, no decision has been taken by PM Shehbaz Sharif about major issues. (AP)
The spiralling economic crisis in Pakistan accentuated by the political mayhem has pushed India’s neighbour into a mess, relief from which seems far-fetched for now.
On Thursday, the Pakistan government imposed a ban on the import of all non-essential luxury items like cars, mobile phones, home appliances, and weapons under an “emergency economic plan”. Information Minister Marriyum Aurangzeb confirmed the ban shortly after Prime Minister Shehbaz Sharif took to Twitter to announce the decision, saying the move would “save the country precious foreign exchange”.
Citing an “emergency situation”, the minister said Pakistanis will have to make sacrifices under the economic plan, and that the impact of the banned items would be around $6 billion.
On the security front, China has demanded military outposts for the security of its citizens working in the country amid recent terror attacks on Chinese nationals and Belt and Road Initiative’s (BRI) China-Pakistan Economic Corridor (CPEC) projects in Karachi, Balochistan and Gilgit-Baltistan, sources told CNN-News18.
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Manoj Gupta is Editor, Investigations & Security Affairs at CNN-News18Read More
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