ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Pakistan will need yet more rescues unless it embraces reform

Lenders should insist that government reduce spending on elites and military

| Pakistan
Men reach out for subsidized flour in Karachi on Jan. 10: Pakistan's situation has only worsened.   © Reuters

Salman Rafi Sheikh is assistant professor of politics at the Mushtaq Ahmad Gurmani School of Humanities and Social Sciences of Lahore University of Management Sciences.

Pakistan's foreign reserves have sunk to $4.3 billion, barely enough to pay for three weeks of imports, according to central bank figures as of Jan. 6.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more