1- Introduction:
Pakistan is facing the worst economic crisis since its inception. The foreign debt has risen to 95$ billion, which has put a lot of strain on the Rupee and brought economic development to a halt.

2- Background of Pakistans economics:
- From an agrarian economy to a semi-industrial economy with textile, cash crops, surgical equipment, and sports goods exports.
- The golden era of the sixties
- The breakup of Pakistan, terrorism, and energy crisis
- Stream of loans

3 - Present challenges
a) Mounting debt
b) High imports vs low exports
c) Unfriendly and excessive taxing
d) Market-oriented society
e) IMF loans: 21 bailouts plus loans
f) Political and security uncertainty
g) Unfavorable budget spending
h) loss-making institutions: PIA 300b, Railway40b, Wapda 227b, PSO 328b,

4 - Prospects
a) Use of IT and Technology
b) Energy and political stability
c) Ease of doing business
d) Development of human capital
e) Young labor
f) Widening the tax net

5 - CPEC: A promising opportunity
6 - Now or never situation

7 - Conclusion