Economic Security Buffers
Economic Security Buffers: Recent events give Pakistan a chance to improve its economy. The country has earned goodwill by promoting dialogue in the Gulf conflict. The IMF has also shown flexibility and signed an agreement without new conditions. This gives Pakistan space to act. However, the country must avoid relying on short-term gains. It should focus on long-term economic strength.
Foreign Exchange Stability
Pakistan must improve its foreign exchange position. It should increase non-debt inflows and manage external loans wisely. It must keep exchange and interest rates market-based. The government should improve port operations and efficiency. It should expand trade with Iran and Central Asia. It must start the Iran-Pakistan pipeline and develop Gwadar Port. Authorities should provide security and basic services to attract investment. They should revise trade agreements and support exporters with clear policies. The country should attract foreign investment, especially from Gulf countries.
Energy Security Strengthening
Pakistan must strengthen energy security. It should expand solar energy and explore local oil and gas resources. The government must remove barriers in the energy sector. It should allow competition in gas and electricity supply. Must build oil reserves and improve infrastructure. It should upgrade refineries and reduce circular debt. The country should promote electric vehicles to cut fuel imports. It must also encourage energy-saving practices.
Food Security Measures
Pakistan must ensure food and fertilizer security. It should continue local fertilizer production. The government must maintain gas supply to fertilizer plants. It should manage wheat reserves carefully. It must avoid old systems that caused corruption. Release reserves to control prices. The state must support small farmers with targeted financial help.
Social Protection Focus
The government must protect low-income families. Rising prices hit them the hardest. It should expand programme like BISP to support more people. It must increase payments to match inflation. Improve health insurance across provinces. Strong health support can prevent poverty.
Pakistan must build strong economic buffers. It should focus on foreign exchange, energy, food, and social protection. These steps will help the country face future shocks. They will also build a stable and self-reliant economy.
Published in Dawn, 3rd April 2026
