Miftah Ismail Warns Economic Stability Dependent on Global Commodity Prices

Karachi:Former Finance Minister and Secretary General of the Awaam Pakistan Party, **Miftah Ismail**, stated that while Pakistan’s current economic stability is real, it heavily depends on the **decline in global oil and commodity prices**, rather than domestic reforms.

Speaking in an interview, Miftah acknowledged the recent improvements in foreign exchange reserves and current account balance but emphasized that this was largely due to the **fall in international oil prices**, which reduced the country’s foreign exchange requirements.

> “If oil prices rise back to $80 or $90 per barrel, our economy does not have the strength to maintain this stability,” he warned.

He criticized the government for **failing to implement structural reforms**, saying that the time to make necessary economic changes has been wasted.

Joining the discussion, senior analyst **Shahzad Iqbal** remarked that the **establishment is unlikely to change its stance** or offer any deal, and it appears **Imran Khan is also not willing to compromise**.

Veteran journalist **Asma Shirazi** added that opportunities for PTI to negotiate still exist, but the **party itself seems to be the biggest obstacle** in its own path forward.

The discussion highlighted ongoing **political uncertainty** and **lack of strategic reforms** as major challenges to long-term economic recovery in Pakistan.