29/01/2025
Pakistan’s economy is on the right track despite past challenges, says Deputy PM and Foreign Minister Ishaq Dar. Speaking at a Pakistan Business Council event, he recalled the country’s struggles in 2013 with power shortages, and an economy near collapse. He credited his party’s "Three Es" strategy—Economy, Extremism, and Electricity—for stabilizing the situation, making Pakistan the world’s 24th largest economy within three years.
After 2018, economic setbacks pushed Pakistan to 47th place, with inflation soaring. By 2022, fears of default grew, but Dar remains optimistic about recovery. He highlighted Pakistan’s vast natural resources, including minerals and hydrocarbons, as key to restoring financial stability and growth.
Despite being a nuclear power, Pakistan struggles with continuity in progress, he noted. He praised the government’s efforts in preventing default and restoring international confidence. Pakistan’s recent re-election to the UN Security Council with 182 votes reflects its regained global standing.
