Nearly a year after Imran Khan became prime minister in Pakistan after promising to build an Islamic welfare state, he faces a worsening economy
Financial crises have shaken the world's sixth-largest nation repeatedly over the years. July 13, 2019.
In one of his earliest speeches, Khan – who led the cricket-mad country to World Cup victory in 1992, and campaigned on vows to build an Islamic welfare state – tried to reassure voters, telling them repeatedly: "Do not panic." "I need to earn at least 1,000 rupees daily to meet my expenses," said 60-year-old Mohammad Ashraf, who sells henna dye.
Traders held a one-day strike earlier this month, and on Friday about 8,000 people marched through the city of Rawalpindi to protest against rising prices. Pakistanis are facing the grimmest part of a seemingly endless economic cycle: austerity imposed on millions of poor people, and futile demands for deep-rooted structural reform. July 13, 2019. But while discontent is rising on social media, street protests remain a luxury for many.Asghar Ali, an associate economics professor at the University of Karachi, estimates that up to eight million people could slip beneath the poverty line in the coming days.
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