Pakistan’s Twin Crises
The Dangerous Convergence of a Collapsing Economy and Surging Terrorism
Pakistan is beset by twin crises. An economic meltdown, underway for several years, has metastasized into a full-blown balance of payments emergency. The nuclear-armed country is running out of dollars to pay for essential imports, such as oil, and help from the IMF remains stalled because Pakistan’s political leadership is reluctant to enact a range of essential reforms. Concurrently, an anti-Pakistan terrorist group, the Tehreek-e-Taliban Pakistan (TTP), has resurged, fueled by the return to power of the Taliban in Afghanistan—enabled, ironically, by Pakistan’s own policy of supporting the Taliban over the last two decades. In January 2023, Continue Reading
