ISLAMABAD – Bloomberg says Pakistan’s record imports, widening deficit,dollar reserves, rising financial risk and rate hike are the factors toindicate the struggling economy of Pakistan.

The report noted Pakistan had raised taxes in October of 2017 to curbrising imports, however, the current account and trade deficits hit recordhigh with fall in foreign exchange reserves.

Uzair Younus, a South Asia director at Washington-based consultancyAlbright Stonebridge Group LLC, was quoted saying “Pakistan’s externalsector indicators signal a crisis and are going from bad to worse.”

“With elections around the corner, the government will simply kick the candown the road.

The next government will face a balance of payments crisis and most likelygo to the International Monetary Fund for yet another bailout,” he added.