It is ironic that a country with rich resources, hardworking people, and immense potential struggles to grow economically; the eminent factor is political instability. Why does a nation with so much potential fail to progress steadily? The answer lies in weak governance, lack of investor confidence, and disrupted development policies. Political instability in Pakistan often means frequent leadership changes, military takeovers, and election disputes. Since independence in 1947, Pakistan has experienced periods of democracy followed by military rule. A 2023 World Bank report explains that countries with unstable governments tend to grow slower, and Pakistan is a prime example.

Pakistan’s economic growth was observed to be only 0.4 percent in the last fiscal year that ended in June 2023. Each government introduces new policies, but before they can be implemented, leadership changes, leaving development incomplete. How can a country achieve progress when its plans are constantly disrupted? Investors prefer stability, but political chaos in Pakistan deters both local and foreign investors. When the government is unstable, economic policies are unclear, making investment risky. A 2022 Pakistan Business Council survey found that 78% of businesses view political instability as the biggest obstacle to investment. This results in slow economic growth and rising unemployment. The stock market also suffers during political instability. For example, the Karachi Stock Exchange........

© The Spine Times