“As Pakistan lurches from one disaster to a different, residents are taking to the streets to protest a twin financial and political meltdown with little precedent within the nation’s post-independence historical past,” Bloomberg reviews.

“For months, the world’s fifth most populous nation has edged nearer to a debt default, echoing the cautionary tales of different growing economies, together with Sri Lanka and Venezuela. Inflation is at a 48-year excessive. Overseas foreign money reserves cowl lower than a month of imports. The invoice for billions in harm from final yr’s devastating floods continues to sting, highlighting the monetary penalties of a warming planet.”

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