The Dollar Test: Why Pakistan Needs Joint Ventures
Pakistan does not have a growth problem. It has a structural dollar problem.
October 15, 2026 (MLN): Pakistan does not have a growth problem. It has a structural dollar problem. The economy earns too few dollars from exports, spends too many on imports, and lets too much of the foreign investment it attracts flow back out. Every ship that brings fuel, every machine that arrives at Port Qasim, every tonne of raw material that feeds our factories must be paid for in a currency we do not print....