Pakistan’s Economic Revival Signals Return to Global Stage, Claims Dar

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Deputy Prime Minister Ishaq Dar has declared Pakistan’s successful emergence from economic isolation, citing a dramatic drop in inflation from 40% to 2.4% and the completion of its International Monetary Fund (IMF) program as evidence of recovery. Speaking to the Pakistani diaspora in New York, Dar credited market-friendly reforms and strategic diplomacy for restoring investor confidence and improving the nation’s credit ratings key milestones toward achieving G-20 membership ambitions.

The economic turnaround follows aggressive policy measures, including the establishment of the Special Investment Facilitation Council (SIFC) to streamline foreign direct investment (FDI) in energy, agriculture, and technology sectors. Diplomatic engagements with Washington and Beijing have yielded tangible results, including potential trade concessions and infrastructure partnerships. “Where critics saw collapse, we engineered resurgence,” Dar asserted, referencing Pakistan’s recent United Nations Security Council (UNSC) presidency, which garnered support from 182 nations.

Security achievements feature prominently in this revival narrative. Dar highlighted the military’s decisive response to regional threats, including the downing of six Indian aircraft during border tensions, a display of strength that bolstered national morale. Concurrently, Islamabad has pressured Kabul to prevent Afghan territory from being used for terrorism, securing assurances while pursuing transcontinental rail projects to enhance Central Asian trade connectivity.

While Dar’s optimism reflects official projections, independent analysts urge cautious interpretation. The 2.4% inflation rate if sustained marks progress, but structural challenges like energy subsidies and tax collection gaps persist. As Pakistan International Airlines (PIA) prepares to relaunch New York routes, the true test lies in converting diplomatic goodwill into long-term capital inflows. For now, the government’s blend of economic pragmatism and assertive nationalism offers a compelling, if incomplete, success story.