Karachi, Nov. 3 -- Pakistan's economy is spiralling into a deeper structural crisis, marked by the simultaneous flight of skilled professionals, multinational corporations, and local investors.

What was once dismissed as temporary instability has evolved into a systemic breakdown driven by excessive taxation, erratic policies, and state dominance over private credit and enterprise, as reported by The Express Tribune.

According to The Express Tribune, in recent years, Pakistan's private sector, the traditional engine of job creation, has been crippled. High tax rates have pushed experienced professionals to seek opportunities abroad, while major multinationals have sold their stakes or exited entirely.

Even domestic manufacturers and en...