Explainer on Pakistan’s economic crisis

I explain Pakistan’s economic crisis in moneycontrol. The economy has faced many such crises in the recent past but this one is much more intense and worrisome.

There was a time Pakistan was growing faster than India from 1960s to 1980s and has slipped ever since. Pakistan’s polity has ignored calls for economic reform for a long time. They have just lived off aid and financial assistance hoping for things to continue forever. The easy monye has stopped creating multifold problems.