A Trump presidency won’t fare well for Pakistan. Here’s why
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Osama Rizvi argues that a second Trump presidency could worsen inflationary pressures globally, negatively impacting Pakistan's import-dependent economy; Trump's policies may lead to increased economic sanctions and military conflicts in the Middle East, affecting oil prices; Pakistan imports nearly 85% of its energy, making it vulnerable to price increases; Trump's economic policies, including tariffs and immigration restrictions, could reignite inflation, worsening Pakistan's trade deficit of approximately $25 billion; the upcoming Federal Reserve meeting on November 7, 2024, is crucial for Pakistan's economic outlook, as high US interest rates could strengthen the dollar and increase debt-servicing costs; food inflation in Pakistan was around 38% in 2024, and a depreciating rupee could exacerbate this issue; Rizvi emphasizes the need for Pakistan to strengthen its economy internally rather than relying on foreign leaders.

#Trump #Pakistan #Economy #Inflation #UsElections #MiddleEast #OilPrices #FederalReserve #TradeDeficit #ImranKhan

https://www.brecorder.com/news/40330599/a-trump-presidency-wont-fare-well-for-pakistan-heres-why