When Currencies Fail: Pakistan’s Debt Mismanagement and the Ghost of Iran’s Collapse
Feb 3, 2026
By Hafeez Amjad Pakistan is no longer confronting a routine economic cycle; it is enduring a systemic crisis that has shifted from balance-sheet stress into a full-spectrum national security concern. The collapse of currency value, recurring balance-of-payments emergencies, and the normalization of austerity