Crafting a Comprehensive Economic Policy Framework for Pakistan: Balancing Restrictive and Expansionary Measures for Sustainable Growth

Abstract

This study explores the formulation of a comprehensive economic policy framework for Pakistan, focusing on the balance between restrictive and expansionary measures to foster sustainable growth. Through a synthesis of economic theory, empirical evidence, and case studies, the study identifies the optimal mix of policies to effectively tackle Pakistan's economic challenges while promoting long-term development. Key considerations include high inflation rates, fiscal deficits, and external imbalances. Policy recommendations underscore the significance of targeted interventions and a nuanced approach to economic policymaking. Limitations include data constraints and modeling assumptions, focusing on the need for continued collaboration between policymakers and researchers to navigate Pakistan's economic landscape effectively.