Political turmoil, economic uncertainty, and social discontent are all spreading in different parts of the world. Inflation that does not seem to be "temporary" at all has left governments around the globe with significant issues. The cost of food and fuel has skyrocketed. Sri Lanka is in the grip of a full-fledged economic catastrophe and bankruptcy. This political unrest, which sadly has the potential to extend to other nations, has also struck Pakistan.

1. Political
Instability Is A
Surefire
Recipe For
Economic
Disaster
Public Sector Auditing

2. Political Instability
And The World
Political turmoil, economic uncertainty, and
social discontent are all spreading in different
parts of the world. Inflation that does not
seem to be "temporary" at all has left
governments around the globe with
significant issues. The cost of food and fuel
has skyrocketed. Sri Lanka is in the grip of a
full-fledged economic catastrophe and
bankruptcy. This political unrest, which sadly
has the potential to extend to other nations,
has also struck Pakistan.

3. Political Drama In
Pakistan
With the ouster of the former president by a
vote of no confidence, his allegations of a
foreign conspiracy, the formation of a new
coalition government, and the tug of war for
the position of Chief Minister in Punjab,
Pakistan's political drama is nothing short of a
movie storyline. These incidents may have
disastrous financial repercussions for both
the general public and the government.

4. Political Stability Is
Inextricably Tied To
Economic Woes
The foreign exchange reserves are shrinking
as import costs climb due to soaring oil prices,
bond yields spike, and remittances level off. At
the same time, financing needs to rise due to
the depreciating rupee, double-digit inflation,
and a downward trend in the stock market. In
short, political unrest has hampered the
economic growth of Pakistan.

5. Way Forward
It is past time for political leaders to unite in
support of the reforms required to strengthen
the country on all fronts— economically,
socially, and politically. All parties need to
acknowledge the issue and contribute to
achieving political stability in order to give
national economic managers the tools they
need to concentrate on the economy.

6. Thank You
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