Pakistan's central bank governor could not have been more unequivocal: the country's current growth model simply cannot sustain a population of over 250 million. With unemployment at a 21-year high and nearly half the population slipping into poverty, the governor has called for a tectonic shift in economic thinking.

For too long, Pakistan has survived on stopgap policies, treating economic crises like recurring fevers instead of chronic illnesses. The result is that the country has long been........

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