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This is the best tl;dr I could make, original reduced by 72%. (I'm a bot)


In the wake of the impending economic catastrophe in the cash-strapped nation, Pakistan is reportedly mulling various options, including reducing the pay of government employees by 10% countrywide.
In light of its declining foreign exchange reserves, Pakistan is currently experiencing one of its toughest economic crises in recent memory.
Cash-strapped Pakistan restarted a stalled USD 6 billion IMF program last year that was first agreed upon in 2019, but the country is having trouble adhering to the stringent requirements of the international lender with headquarters in Washington.


Extended Summary | FAQ | Feedback | Top keywords: Pakistan^#1 IMF^#2 Minister^#3 program^#4 government^#5
In most situations government employment and pay is an economic driver. Those jobs support other jobs which in turn create more tax revenue for the state. This doesn't seem like a good idea... >

The problem is that there's insufficient foreign currency coming into the country. You can keep taxing rupees all day, but if you can't get USD you're in trouble.