Abstract
This research paper throws light on the economic crisis and the period of depression currently going on in Pakistan. How did Pakistan go from being one of the best performers in the Asian Economy to becoming the worst economy in the world? How did Pakistan accumulate a total debt of PKR 55 trillion from loans and where were the areas where the Pakistani Government made mistakes? The paper also focuses on some of the aspects other than the economic front like the political instability, climate issues and external conflicts which led Pakistan to this period of depression. Also, the paper tries to suggest some key solutions which can be taken to revive the economy so that it can grow once again.
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