'Pakistan banega Afghanistan': Memes erupt over Pakistan’s economic crisis

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As Pakistan lurches from one crisis to another, citizens are taking to the streets to protest a dual economic and political meltdown with little precedent in the nation’s post-independence history.
The full-blown economic turmoil being faced by the country has fuelled further due to its recent and biggest ever currency devaluation, soaring inflation and a record low foreign exchange reserves.

For months, the world’s fifth most populous country has edged closer to a debt default, echoing the cautionary tales of other developing economies, including Sri Lanka and Venezuela. Inflation is at a 48-year high. Foreign currency reserves cover less than a month of imports.

Amidst this, the Pakistan government hiked petrol price in the country by another whopping 22 rupees a litre on Thursday. The finance ministry in a statement attributed the hike to the plummeting value of the country's currency.

Back-to-back hikes have seen the price of petrol in Pakistan rise sharply, from about 150 rupees a litre in May 2022 to the current 272 rupees.
Memes erupted over downward spiraling economic conditions in Pakistan as they inch closer to bankruptcy.





Little joys

What an idea, sirji!



Beg, borrow, steal



Waiting for a bailout from IMF




Meanwhile, in Pakistan..

Symbolic fall

Enough said