Pakistan's Endless Economic Crisis

This Bloomberg clip looks at the state of the Pakistani economy, highlighting the problems that the country faces, and how it has lagged behind its neighbour India. Pakistan's 36% inflation has been associated with a depreciating currency and undermined living standards, and the economy is struggling to recover from floods which affected one-third of the country.

As a result it has sought another IMF bailout, and there are questions about whether its current level of debt is sustainable: it has a low level of exports, low levels of FDI and forex. There's a real need for fiscal prudence, not least in improving tax collection in the economy.