Pakistan, March 20 -- Pakistan is trapped in a vicious cycle of high inflation and low growth, perpetuating structural unemployment and a persistent poverty trap. The current economic landscape highlights the impact of the global commodity super-cycle and an unfavourable geo-political climate. These barricades, coupled with an underutilized labour force, cripple Pakistan's competitive tendencies in the global market. Beyond technological lag, the country faces widening social disparities given the limited fiscal space and foreign exchange earnings.
Pakistan's economic journey has seen drastic shifts from a stable to a strong economy and from the brink of default to development. Despite multiple opportunities, the momentum was derailed repe...