Pakistan’s economy is facing severe challenges, teetering on a make-or-break point. The current crisis is not the fault of any single government but reflects seventy years of policy and economic mismanagement. While the government touts improvements in macroeconomic indicators, the key question is whether the deeper issues of structural distortions and imbalances are being addressed. The gravity of the challenge is evident in the fact that these core problems are either unrecognized or deliberately obscured, and they are not being brought into the national discourse.