Economic Security of Pakistan: Lessons from History

Abstract

Pakistan's economic journey has been marked by numerous challenges and fluctuations, shaped by a combination of multiple internal and external factors. This historical analysis looks into the key economic phases of Pakistan, exploring the political and global influences that have shaped its economic landscape. From the early struggles of post-independence to periods of rapid growth and subsequent downturns, this study highlights the pivotal moments and policies that have impacted Pakistan's economic development. Key issues such as political instability, structural imbalances, and reliance on foreign aid are examined in the paper. Additionally, the analysis considers the role of agriculture, industrialization, and the service sector in driving economic growth. Through this historical study, the paper aims to provide a comprehensive understanding of the persistent economic challenges facing Pakistan and some suggestions for development. This study employs a qualitative historical research approach, analyzing archival records, government reports, and scholarly literature to trace Pakistan’s economic trajectory.