Pakistan’s journey towards economic stability is linked to the stability of its political institutions. The nation has experienced periods of political volatility, characterized by democratic transitions, military coups, and civil unrest. Investor confidence, a linchpin of economic stability, is particularly sensitive to political turbulence. Fluctuations in government policies, coupled with the spectre of abrupt regime changes, deter long-term investment, stunting economic growth and exacerbating unemployment and poverty.
Moreover, Pakistan’s political instability has bred governance challenges, including corruption, weak institutions, and regulatory inconsistencies, which undermine economic stability. Such impediments inhibit entrepreneurial endeavours, stifle innovation, and perpetuate a cycle of underdevelopment. Moving forward, Pakistan must foster enduring political stability to unlock its economic potential and propel sustainable development. Efforts to combat corruption, enhance the rule of law, and improve governance are also paramount to creating an enabling environment for economic growth and investment.
Danyal Habib
Islamabad
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