ENSEMBLE CSS ACADEMY - Best Online CSS Academy in Pakistan

Economic Uncertainty and IMF: CURRENT AFFAIRS & ESSAY WRITING BY IQRA ENSEMBLE CSS  Current economic challenge seems familiar to past events. History witnessed a series of economic crises and weak management.  The summer and spring of 2019 were considered critical regarding economic uncertainty and IMF. Pakistan's economy was facing IMF backlash before its announcing $ 6 billion. For instance, significant fiscal and financial needs; weak and unbalanced financial growth are significant economic hindrances. Plenty of measures were taken to restore stability. Before the pandemic started between July 2019-February 2020, the rupee strengthened by 4 percent. Moreover, unlike other countries, Pakistan dealt with the covid-19 pandemic and reduced the public debt-to-GDP ratio by about 5 percent. The innovative measure saved lives and balanced economic recovery wonderfully. Pakistan's current account deficit in the first half of 2019 was almost in the same range as today's, but o...