Pakistan’s Economy and the Way Forward

Share this event


Concept Note

Pakistan today faces an unprecedented economic crisis, with fast-depleting reserves, declining exports and remittances, surging inflation, rising unemployment, weakening rupee, and decreasing business production threatening the country’s financial stability and the well-being of its people. This crisis has been a result of various challenges originating from both domestic and external fronts, including but not limited to higher global commodity prices, tighter international and domestic monetary conditions, an economic slowdown in the world’s major advanced economies, internal political instability, militancy, and damages caused by the recent monsoon deluge in Pakistan. In addition to these multiple triggers, there are fundamental structural problems that have been responsible for Pakistan’s persistent macroeconomic challenges and tend to compound the impact of extraneous factors.

Although the country has been trying to maintain momentum, observers argue that current measures to fix the economic turmoil are inadequate. Decisive action and strategic planning are needed to ensure that Pakistan does not end up facing a full-blown financial crisis. In light of this, the Centre for Aerospace & Security Studies, Islamabad, aims to organise this seminar where eminent experts will provide a more thorough understanding of Pakistan’s economic crises and help suggest a way forward for a sustainable and resilient economic recovery.

The specific questions that CASS aims to raise and find answers to from our distinguished panel are:

  • What are the deep structural roots of the economic crisis in Pakistan, and why has the country not been able to address them?
  • What are the best ways to achieve sustainability of public finances? What are the most serious impediments in addressing Pakistan’s fiscal deficit issues, especially in terms of revenue generation?
  • What concerns arise from the size of government, both federally and provincially in terms of public finance sustainability and effective policy implementation in Pakistan?
  • How can economists work together to make a larger, positive contribution to key policy decisions in Pakistan?
  • What are the most serious impediments to ushering in more robust private sector contribution to the economy?
  • Can Pakistan make better use of its foreign partnerships with key countries, and with multilateral and large private institutions, in this current period of economic difficulty?
  • What bold measures are needed to restore economic stability in Pakistan?
  • How would the projected global recession in 2023 affect Pakistan’s economic outlook and prospects for recovery?
  • What path should Pakistan pursue in the midst of the rapidly occurring global economic transformations?

Press Release

Media Coverage

News Coverage

Newspaper Links

Other Events

Non-fungible Tokens: Multidisciplinary Perspectives

The Centre for Aerospace & Security Studies (CASS), Islamabad, will be hosting a book launch for the edited volume ‘Non-fungible Tokens: Multidisciplinary Perspectives’ (Routledge, 2024) on. The editor of the volume, Dr Usman W. Chohan, serves as Advisor to President CASS on Economic Affairs and National Development, and this is his 7th successfully completed book project in the past six years. The book serves as an additional milestone in the larger programme of Dr Chohan’s examination of the potential of the digital economy.


Read More »

Legends in Flight: PAF’s Strategic Vision & Operational Triumphs

The illustrious history of the Pakistan Air Force (PAF) is a testament to the sacrifices and contributions of its valiant warriors in both times of war and peace. The courage, vision, farsightedness, and legendary leadership abilities of these outstanding individuals have been pivotal in shaping the operational preparedness and overall progress of this esteemed institution. The PAF remains deeply indebted to these men of honour.

Read More »

Paving the Way for Educational Excellence in Pakistan: Policy, Curriculum, Access

Water, Education, Economy and Population (WEEP) are fundamental pillars that exert profound and interconnected impacts on the well-being and security of a nation. These critical elements permeate every facet of society, ultimately shaping the overall security landscape. In order to ensure the robustness of a state’s security, it is imperative to continuously monitor and address the various dimensions of these domains.

Read More »

Stay Connected

Follow and Subscribe

Join Our Newsletter
And get notified everytime we publish new content.


Developed By Team CASSTT

Contact CASS

CASS (Centre for Aerospace & Security Studies), Old Airport Road, Islamabad
+92 51 5405011

All views and opinions expressed or implied are those of the authors/speakers/internal and external scholars and should not be construed as carrying the official sanction of CASS.