Pakistan’s Interior Minister Mohsin Naqvi has expressed concerns about the country’s economic system, stating that it has “collapsed.” In a recent address at an economic summit in Islamabad on July 30, 2026, Naqvi emphasized the need for significant reforms to tackle various challenges facing the nation.
According to sources close to the minister, he highlighted several key issues affecting Pakistan’s economy. These include high inflation rates, rising unemployment, and a decline in foreign exchange reserves. The interior minister also pointed out that the country’s economic woes are largely attributed to inefficient allocation of resources, inadequate infrastructure development, and ineffective governance mechanisms.
Naqvi proposed the establishment of administrative units at various levels to address these challenges. He suggested creating specialized departments focused on specific sectors such as agriculture, industry, and energy. Additionally, he recommended the creation of autonomous regions with greater autonomy to manage local affairs and make decisions that benefit their respective areas.
The interior minister also emphasized the importance of political unity in tackling national interests. Naqvi stated that Pakistan’s current leadership is “fighting” without reforms, which has led to a lack of coordination and cooperation among different stakeholders. He urged the government to take a more inclusive approach, involving all parties involved in the country’s economic development.
Naqvi’s comments come as the country continues to grapple with various challenges. The World Bank has reported that Pakistan’s GDP growth rate declined from 5.4% in 2020-21 to -1.3% in 2022-23, while the International Monetary Fund (IMF) has expressed concerns about the country’s economic prospects.
The interior minister’s proposals have sparked interest among policymakers and economists. However, it remains to be seen whether his suggestions will gain traction or face resistance from various stakeholders. As Pakistan continues to navigate its economic challenges, Naqvi’s comments highlight the need for sustained efforts towards reform and cooperation in addressing these issues.
Source: Geo News
Based on reporting from Geo News.
