Financial Crises in Pakistan: Political System’s Capabilities Analysis

The contemporary times have increased manifold the need for sustainable economic development. Economic growth has become matter of serious urgency for nations around the globe. Many states have been struggling with myriad of economic crises. Pakistan is also facing multilayer financial crises threatening the very existence of country. This paper is an attempt to analyze the economic crises in Pakistan in the light of Gabriel Almond’s discourse analysis of “System capabilities”. The capabilities level analysis is not only helpful for scientific prediction but also for making concrete polices for sustainable economic development. While doing capability level analysis of Pakistan’s political system, the major focus of this paper will be on the role of system’s capabilities in the economic development of Pakistan. How various problems in the capabilities of political system undermine the economic growth of country over the period of time? What changes are required to incorporate in order to enhance the system’s capabilities for sustainable economic development in Pakistan? In the political system of the country, there is enough capacity to ensure sustainable economic development but the underutilization of the same has caused serious financial crises. In order to conduct this research, qualitative approach and case study method is adopted