ECONOMIC SECURITY CHALLENGES TO PAKISTAN DURING POST PANDEMIC ERA

Pakistan’s economy has faced many challenges since the inception of Pakistan as an independent state. The economy of country was largely dependent on agrarian resources during the initial decades and then industrial bases afterwards. During the past three decades it the economy of Pakistan depends on loans and financial aids from international financial institutions such as, IMF along the industrial growth. The world economy slowed down after the pandemic and it also had consequences on Pakistan economy. Covid-19 caused major disruption in Pakistan economy. As, Before pandemic the GDP growth rate was 2.50% in 2019 and it fell in negative point -1.27% during the fiscal year 2020. The economic challenges to Pakistan raised during pandemic era such as its GDP growth rate decreased in negative points, its fiscal debt increased to 12.74% in 2020 as compare to 2019. Unemployment, shut down of small businesses, increase in job displacement, fiscal deficit, decline in foreign direct investment are the few challenges to name. Therefore, the economic security of Pakistan had faced many challenges during the post pandemic era. The drastic impact of covid-19 forced government to take immediate steps to counter economic challenges. The first national security policy of Pakistan in this regard made economic indicators as a challenge and made economic security a part of national policy