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Economic experts think that Pakistan’s economic crisis has several causes. Political instability and poor governance have been significantfactors that undermine the country’s fiscalposition. Pakistan is also highly import-dependent, particularlywith regard to energy, which renders it acutely vulnerable to hikes in global oil and gas prices.
14 Οκτ 2023 · Pakistan is currently facing one of the worst economic crises in its history. A combination of rising debt levels, persistent trade deficits, political instability, and a lack of investment...
NUST Institute of Policy Studies organized the lecture titled “The economy of Pakistan: Challenges and way forward” on Wednesday, the 4th of November, 2021. Dr Ashfaque Hasan Khan, veteran economist and academic, contextualized the economic struggles of Pakistan and what measures Pakistan must take to steer the economy in the right
THE STATE OF PAKISTAN’S ECONOMY 2023-24 The report discusses three persistent issues, including political turmoil, an unstable economy, and devastating floods in the current economic context. These have been long standing issues, but their severity reached an unprecedented level in the FY 22-23. On the political front,
Key conditions and challenges. Despite an economic rebound in FY21 and FY22, persistent structural weaknesses of the Pakistani economy, such as low pro-ductivity growth due to low investment and exports, are hindering a sustained re-covery.
Pakistan is encountering two inter-related problems: (a) macroeconomic imbalances and inflationary pressures which reflect an expansionary and dysfunctional fiscal policy supported by a compliant monetary policy; and (b) low domestic savings which, given the increasing strains on external debt sustainability and a poor outlook for private capita...
Current Economic Crisis. The principal causes of Pakistan’s crisis are deep-rooted and structural—namely, Pakistan’s weak export base and an imbalance between public spending and income.
