The operating system of current world order is political economy. Strong economy contributes to the health of any country and provides it political leverage in international arena. Post Covid-19 crisis, world is witnessing an economic recession with a colossal wave of inflation. Since the Second World War, Post Covid-19 recession is the deepest one in advanced economies. Pakistan is one of those ill-fated states which is facing an unprecedented economic downturn with an obscure future progress. But, Pakistan’s economic woes are not just confined to the Covid-19 breakout, there have been a massive mismanagement of resources and corrupt practices that brought the country to this level of insecurity.
Successive governments under their respective political leadership took massive loans from international financial organizations but they didn’t use them for sustainable developmental projects. While their performance in the…
