Pakistanis flee for the Gulf to escape economic crisis at home

The economic and political instability in Pakistan has led to a sharp rise in highly skilled workers leaving the country, exacerbating the already dire economic situation and creating a significant skills gap that may hinder the country's development in the long term.

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9/2/2023

Economic transformation

Pakistan's economy has experienced a slowdown in its structural transformation, with a significant decrease in the share of agriculture and a lack of growth in the industry sector, indicating a premature de-industrialization contrary to successful developing nations, emphasizing the need for policies to boost industrialization and address taxation inequities.

9/6/2023

A state of illusions

Despite claims of massive foreign investment pouring into Pakistan, the country's economic woes and obstacles, such as deteriorating law and order, make it unlikely that these investments will materialize and bring about significant change.

9/7/2023

Pakistan's Economic Struggles Rooted in Lack of Pragmatism, Not Just Corruption

Pakistan's ongoing economic woes, including budget deficits, trade deficits, and foreign exchange shortages, are not solely caused by corruption but rather a lack of will from leaders to implement necessary solutions and prioritize economic growth, such as increased productivity, better-managed state finances, and global competitiveness, while shedding unproductive state-owned enterprises. The country must also embrace economic pragmatism by opening trade with all countries, investing in human capital, and avoiding ideological distractions to achieve economic modernization.

9/8/2023

Pakistan's Economic Crisis Forces Poor Families to Make Heartbreaking Choices

Millions of Pakistanis are facing the devastating consequences of an unprecedented economic crisis, with rising inflation, soaring fuel and electricity prices, and a weakening currency, leaving low-income households struggling to make ends meet.

9/11/2023

Turning Pakistan's Brain Drain into Brain Gain: How Government Reforms and Diaspora Engagement Can Transform the Narrative

The phenomenon of brain drain, the outmigration of skilled individuals from one country to another, is a significant issue in Pakistan due to better opportunities, higher wages, and improved living standards abroad, exacerbated by economic meltdown, security concerns, and a lack of merit in the home country's system. However, by leveraging remittances and mobilizing the diaspora, Pakistan has the potential to transform brain drain into brain gain and reshape it as an opportunity for growth, prosperity, and national pride.

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Posted 8/26/2023, 8:31:33 AM