New York, Jan. 8 -- Pakistan | A year of crisis for economy, politics, security

The Pakistani rupee hit an all-time low, crossing the PKR 300 mark against the US dollar in August 2023. The country's foreign reserves with the State Bank of Pakistan (SPB) also dropped to an alarming level - at $3.1 billion in January 2023. The Islamic nation finally reached a staff-level agreement with the IMF on a $3 billion "nine-month Stand-by Arrangement (SBA)".

In May 2023, the country saw the arrest of a key political leader - Imran Khan. He was accused of corruption, unlawfully selling gifts from foreign dignitaries and leaking state secrets among several other charges. Khan was disqualified from contesting the upcoming general elections in Pakista...