Pakistan's Economic Crisis
Pakistan's economy is facing a deep structural crisis, with a simultaneous decline in skilled professionals, multinational corporations, and local investors.
According to The Express Tribune, the private sector, which is the traditional engine of job creation, has been severely impacted in recent years.
- High tax rates have led to an exodus of experienced professionals seeking opportunities abroad.
- Major multinationals have sold their stakes or exited the country entirely.
- Domestic manufacturers and entrepreneurs are relocating to countries like the UAE, Sri Lanka, Egypt, Malaysia, and Bangladesh, citing more favorable business climates and stable tax regimes.
Government fiscal policy has turned increasingly punitive toward the productive class.
The salaried middle class and small businesses are facing tax rates exceeding 40 per cent, while real incomes decline.
Author's summary: Pakistan's economy is in crisis due to state policies.
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