By Web Desk 
The state of Pakistan’s economy in 2024 reflects an urgent need for a comprehensive reset. With rising inflation, a growing fiscal deficit, and a depreciating currency, the challenges facing the economy are undeniable. Experts are advocating for a reset that prioritizes sustainable growth, equitable wealth distribution, and financial stability.
The recent increase in global fuel prices and the impact of geopolitical tensions have exacerbated Pakistan’s economic woes. Moreover, inadequate tax reforms and a high dependence on imports continue to hinder growth. For the economy to thrive, experts suggest diversifying exports, enhancing the agricultural sector, and promoting small and medium-sized enterprises (SMEs) to drive economic recovery.
The government must also focus on policy reforms to attract foreign direct investment (FDI) and ensure that the local industries can compete globally. By addressing structural weaknesses, Pakistan can unlock its economic potential and pave the way for long-term prosperity.