Since last year, Pakistan has faced a dire economic situation that has left millions struggling to make ends meet. According to World Bank, over 12.5 million Pakistanis have fallen below the poverty line.

Pakistan economic crisis: 12.5 mn people fall below poverty line; World Bank flags dire situation

Pakistan's economy is in a dire strait, rating agency - Fitch - has downgraded Pakistan's currency issue. A default rating to CCC (-) to CCC (+). This while the Parliament has called a session as it desperately needs to secure IMF bailout.

Pakistan Economic Crisis: Fitch downgrades Pakistan's currency ratings

In view of the crippling economic crisis in Pakistan, the Prime Minister Shehbaz Sharif's austerity committee has made some recommendations where it is now asked Pakistan's missions abroad to cut costs.

Pakistan economic crisis: Austerity panel recommends 15% expense cut on abroad missions

Amid the economic crisis in Pakistan, the country has reportedly sought the support of United States in reviving the International Monetary Fund program. The IMF loan is expected to facilitate a soft landing for Pakistan's economy.

Pakistan's Economic Crisis: Finance Minister Ishaq Dar meets US delegation