Structural flaws, policy zigzags and neglect of people continue to drag the economy downwards
Economic challenges persistently haunt Pakistan. The country is facing economic crises that have become a common refrain. Despite the efforts of successive governments and their tall claims, the economy remains on a downward trajectory.
Debt repayment is a major challenge in the current context, further aggravated by rising circular debt. Inflation has returned, and the inflation rate has begun to rise again. Declining purchasing power is a major contributor to rising poverty. Agriculture, the guarantor of food security, is facing one challenge after another and has been consistently undermined by successive governments. Major export sectors are shrinking, while imports continue to rise, contributing to widening fiscal deficits.
The question, then, is why the economy remains on a downward path when governments claim to be working for improvement. The answer lies in deep structural flaws and in the failure of economic contracts among stakeholders, such as the state, private businesses, state-owned enter
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