Editorial Team Economy, Human Security, National Security

Feeding a Nation in Crisis: Pakistan’s Ongoing Struggle with Food Inflation

The economic outlook for 2023 is negatively influenced by factors such as high inflation, stricter financial conditions, reduced private consumption, and imbalances in external trade. Additionally, the region's susceptibility to severe climate events, such as droughts and floods, poses a significant risk to its economic stability.

Editorial Team Economy, Geopolitics

Russia-Pakistan Oil Deal: Economic Recovery or Diplomatic Risk?

Pakistan recently received its first oil shipment from Russia, marking a significant turning point in the growth of trade ties between the two countries. This event has both positive and potentially negative repercussions. Positively, adding Russia as a significant supplier to Pakistan's oil supply can increase the country's energy security and reduce its reliance on a single source. It also strengthens diplomatic ties between Pakistan and Russia and opens up new opportunities for economic cooperation. If Russian oil becomes available, consumers and the economy as a whole stand to benefit from more competitive pricing on the Pakistani market.

Editorial Team Economy, Human Security

The Devastating Effects of Unemployment on Pakistan’s Economy and Society

Unemployment has become an alarming issue in Pakistan nowadays. Not only an individual, but the society and the whole economy are severely affected by the repercussions of unemployment. When a person is jobless but actively looking for work, such a person is considered to be unemployed. Since Pakistan's establishment in 1947, unemployment has been a significant issue because its economy has been shaky since the beginning. 6.65 million individuals in Pakistan are unemployed. Comparing degree holders to the rest of the unemployed, the unemployment rate is three times greater. It is the despair of every university student and recent graduate. Every year, a staggering number of people graduate from institutions. On the other side, there are fewer jobs available in their respective industries. The number of unemployed individuals in the country as a whole would increase by more than 2 to 8 million by the end of 2023, predicts Hafiz Pasha, a well-known economist. Gender disparity exists similarly. In Pakistan, there are more women without jobs than men.

Editorial Team Economy, Geopolitics

Geopolitics and Economic Vulnerability: Pakistan’s Burdened Economy

Pakistan's economy has long been burdened by heavy debts and reliance on international financial institutions such as the International Monetary Fund (IMF). With 22 loan programs from the IMF alone, Pakistan has become one of the largest recipients of IMF loans. This article explores the reasons behind Pakistan's economic vulnerability and the factors that have contributed to its debt burden.

Editorial Team Economy

Pakistan’s Budget 2023-2024: A Critical Analysis

The recently unveiled budget in Pakistan has faced significant criticism for its lack of imagination and incompetence in addressing the severity of the country's economic crisis. Many argue that the government's decision to increase salaries by over 30% is misguided, considering Pakistan's struggle to meet its financial obligations and ongoing negotiations with the International Monetary Fund (IMF). Moreover, the budget's flawed assumptions about tax revenues and its reliance on outdated strategies suggest a lack of fresh ideas and a focus on short-term political expediency rather than long-term economic recovery.

Editorial Team Economy, National Security

Navigating and Unravelling the Political Economic Poly-crisis

The recent political and economic upheavals in Pakistan are manifestations of the once-in-a-generation poly-crisis, in which multiple crises converged, strengthened one another, and nearly spiraled out of control. If such emergencies are left unrestrained, they can cause a rough framework collapse. The fact that all parties involved are currently attempting to control this upheaval is not surprising. In any case, it is critical to look at recent events to deeply comprehend the reason behind their occurrence and how they can be forestalled in the future.