PAKISTAN’S economy is facing a critical crisis, with a growing trade deficit threatening financial stability. In November 2025, exports fell to $2.42 billion, a 15% decline from the previous year, while imports surged to $5.35 billion, creating a trade deficit of $2.92 billion, a sharp 36% rise. This imbalance is putting immense pressure on foreign ex-change reserves, deepening Pakistan’s economic vulnerability.

While immediate measures to reduce imports and boost exports are necessary, the root cause of the crisis lies in “elite capture.” A small, powerful group of business figures, politicians and industrialists have shaped policies to serve their interests, contributing to the widening trade deficit. Their actions, motivated by personal wealth preservation, have

harmed the national economy. To solve this crisis, Pakistan needs economic........

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