CRISIS IN PAKISTAN: Escalating Inflation, Economic Turmoil, Rampant Corruption, and Soaring Unemployment Drive Professionals Abroad

By Syed Atiq ul Hassa, Sydney Australia, 24 November 2023:

Syed Atiq ul Hassan

In recent years, a disconcerting trend has taken root among the educated youth of Pakistan – the increasing inclination to seek a safer and more secure future abroad. The prevailing sense of unease within Pakistani society has now reached unprecedented levels. The nation’s economic standing is at its lowest ebb, and the fabric of governance appears to be marred by systemic issues. Unfortunately, the reins of state affairs seem to be in the hands of individuals who are often described as scoundrels, crooks, criminals, and oppressors.

In contemplating this dire situation, it forces us to ponder a poignant question: if our forebears could have foreseen the current state of affairs in Pakistan, would they have made the same choices? Would they have chosen to leave their ancestral land and migrate to Pakistan? It is a question that demands introspection and a sincere examination of our collective conscience.

The palpable disillusionment that propels the younger generation to seek opportunities abroad is a testament to the challenges faced within the nation’s borders. The economic downturn, coupled with governance issues, has created an atmosphere of uncertainty and instability. As the youth contemplates their future, the appeal of foreign shores, promising safety and security, becomes increasingly alluring.

However, this trend necessitates a reflection on our part. Are we destined to witness a mass exodus of our brightest minds and talents? What repercussions might this have on the nation’s future? The very act of migration, though born out of necessity, raises critical questions about the sustainability of Pakistani society.

Moreover, it compels Pakistanis to consider the root causes of this malaise. Is it solely the economic conditions that drive our youth away, or is there a deeper malady afflicting the foundations of our governance? Perhaps a comprehensive examination of the political landscape and an earnest commitment to address its shortcomings can pave the way for a brighter future.

In just 25 years since its creation, Pakistan has been marred by injustices, discrimination, undemocratic attitudes, and unbalanced rule, leading to the division that birthed Bangladesh from East Pakistan. Unfortunately, the autocratic governance style persists, and today, the remaining part of Pakistan seems to be on a path towards disintegration and chaos.

As we witness the growing trend of the professionals and youth leaving Pakistan with unbelievable rate for perceived greener pastures, we are confronted with a pivotal moment of reflection. It is a

Pakistanis leaving Pakistan for safe and secure life

moment that implores Pakistanis to question the choices our ancestors made and whether, given the circumstances, they would have made the same decisions. That is, reflecting on this situation prompts to wonder that: if our elders could have foreseen the current conditions in Pakistan, would they have chosen to leave their ancestral land and migrate to Pakistan? It’s a question that invites introspection and a sincere examination of our conscience.

It beckons us to collectively strive for a Pakistan where the lure of foreign lands is not the only recourse for our educated youth, but rather a country that fosters their talents and aspirations on home soil. The onus lies on us to shape a future where Pakistan is not merely a place of departure but a destination that inspires hope and opportunity.

That is why, the Skyrocketing Inflation, Economic Turmoil, Corruption and Soaring Unemployment compelling educated, professionals and youth seeking opportunities abroad. Record breaking migration of the cream of Pakistanis are migrating in any country offer them migration. This is very dangerous for the fate of Pakistan.

Pakistan’s Economic Challenges and Socio-Political Concerns, in the current landscape, Pakistan finds itself heavily reliant on foreign loans, a situation exacerbated by the burden of high-interest rates. The imminent need to repay a staggering $80 billion within the next three years raises serious concerns about the country’s financial sustainability. Disturbingly, the predominant financial strategy employed by the government seems cantered around acquiring more loans, a precarious path that could ultimately lead to economic collapse.

A disconcerting aspect of this economic predicament is the devaluation of Pakistan’s currency, reaching unprecedented lows, shamingly, even surpassing the valuation of the Afghan’s currency (Afghani). This unfortunate situation underscores the urgency of addressing the economic challenges at hand.

One alarming aspect is the apparent indifference of the political elite to the dire state of the nation. Many of these leaders possess substantial foreign assets and passports, raising concerns about their commitment to the country’s welfare. The potential flight of these individuals in the event of a complete governmental breakdown casts a dark shadow on the nation’s stability.

Compounding the economic troubles is the disproportionate allocation of funds in the national budget. The allocation of a substantial portion to the military, surpassing investments in education, healthcare, and essential services, raises questions about the priorities of the government. In a country where nearly half of the population is under the age of 22, a skewed budgetary focus presents a hindrance to fostering a sustainable future.

Moreover, the prevailing inflation rate, surpassing 30 percent, poses a severe threat to the financial well-being of the populace. The dire employment situation and the dismal state of small businesses further compound the challenges faced by the ordinary citizens. Shockingly, a significant portion of the population struggles to afford basic necessities, with one-third unable to secure two meals a day.

Addressing these multifaceted challenges requires a comprehensive and strategic approach. Policymakers must reevaluate budgetary priorities, fostering economic growth, and implementing measures to alleviate the burdens faced by the common citizens. Failure to address these issues promptly not only jeopardizes the economic stability of Pakistan but also risks deepening social inequalities and discontent among the population.

(The writer is Sydney-based journalist, political analyst and editor Tribune International, Australia. His email address is )


Recommended For You

About the Author: Tribune