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As 2026 unfolds, a significant shadow looms large over Pakistan’s economic horizon. A new report paints a stark picture, warning of a potential “mega economic crisis” driven by a confluence of persistent challenges. It’s not just one issue, but a perfect storm brewing from low economic growth, the chilling regularity of militant attacks, and the ever-present threat of climate change-related disasters.
According to a comprehensive report in Nikkei Asia by Farhan Bokhari, the nation finds itself at a critical juncture. While it has, so far, managed to skirt a default on its foreign debt payments, this avoidance doesn’t signify a clean bill of health. Instead, it highlights the precarious balancing act Pakistan is performing, often at the edge of financial stability.
The core issues are multifaceted. Decades of inconsistent economic growth have left the country vulnerable to external shocks. Compounding this are the recurring militant attacks, which not only disrupt daily life and infrastructure but also deter crucial foreign investment and strain national resources on security. Furthermore, Pakistan, a country highly susceptible to the impacts of climate change, faces the devastating prospect of floods, droughts, and other natural calamities that can cripple its agricultural backbone and displace millions, adding immense pressure to an already strained economy.
The report underscores that these aren’t isolated problems but interconnected threads forming a complex web of challenges. Addressing them will require more than just short-term fixes; it demands a robust, long-term strategy encompassing economic reforms, enhanced security measures, and significant investment in climate resilience. The coming years will be crucial in determining Pakistan’s path forward amidst these formidable headwinds.
Source: Original Article
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