From Crisis To Stability The Story Of A State’s Journey

Muhammad Irfan Siddiqui
  • 27 Dec - 02 Jan, 2026
  • Mag The Weekly
  • VIEWPOINT

That night was truly dark. Imran Khan’s government had just fallen, and the country stood at a crossroads where the road ahead was blurred by fog and the path behind was marked by chaos. The city slept, but the state was restless. Television screens flashed red numbers. The dollar was soaring, foreign exchange reserves were draining, industries were shutting down, and at the center of every discussion was a single word: default. It was not merely an economic term; it was a question hanging over the very existence of the state. It was a moment when control genuinely seemed to be slipping away.

In that same darkness, Shehbaz Sharif assumed responsibility during a brief yet decisive tenure. This was not the joy of power; it was the burden of lifting a state buried under rubble. Politics is never easy at such times. Slogans turn into liabilities, popularity becomes irrelevant, and only decisions matter – hard decisions.

The IMF agreement was no victory parade. It was a bitter reality from which there was no escape. Despite the risk of political fallout, the decision was taken because the state needed breathing space. That single step pushed back the shadow of default. The economy exhaled, hesitantly. The free fall of the rupee slowed. Foreign exchange reserves showed faint signs of movement. This was not triumph, but it was a return from the edge.

Inflation, which had stormed into households, did not vanish overnight. Yet its pace eased. Artificial shortages began to break. The state sent a clear message to the market: it was no longer a spectator; oversight had returned. A government once trapped in files stepped into the field. The cabinet became active, institutions stirred, and decisions moved from desks into action. Governance began to look less like a slogan and more like a lived reality.

The energy sector, long a festering wound for the state, also entered a phase of reform. Measures were taken to contain the spread of circular debt, reduce losses, and move toward a more sustainable system. These decisions did not seek public applause, but they were essential for survival. Without energy, industry cannot function, jobs cannot exist, and the economy cannot move.

Meanwhile, the global picture began to shift. Pakistan, which not long ago was viewed as an uncertain state, returned to serious conversations. Ties with friendly countries were restored. Confidence reemerged in international institutions. Diplomatically, Pakistan’s name began to carry weight again. This trust did not come from a single speech; it was earned through consistent decision-making.

One aspect of this journey stood out – the public narrative. As the government spokesperson, Attaullah Tarar did not sell dreams; he spoke in facts. Hardships were not concealed, and achievements were not exaggerated. The public was told plainly that the road was difficult, but the direction was right. Such honesty builds trust, and trust is the true strength of any state.

Then came a phase where stability extended beyond the economy into strategic thinking. Following notable successes by the Pakistan Army, the promotion of the Army Chief to the rank of Field Marshal was not merely ceremonial. It reflected continuity, confidence, and institutional stability. In the same spirit, the introduction of the post of Chief of Defence Forces proved to be a farsighted decision. Modern states streamline and integrate defense decision-making to make it faster and more effective. Stability in defense, after all, underwrites stability in the economy. In this direction, Shehbaz Sharif deserves clear credit, and Attaullah Tarar’s role in shaping public understanding of this national decision is equally commendable.

Yet this story has a chapter that cannot be ignored without self-deception. It is the chapter written during the previous government’s tenure – of false allegations, political victimization, character assassination, and the practice of imprisoning people without solid evidence. Journalists, politicians, civil servants, and individuals associated with state institutions were all subjected to accusations wielded as weapons. If genuine stability is our goal today, then it is imperative to conduct impartial, legal, and transparent accountability of the false cases filed in that period, and to punish those who pushed the state into this quagmire.

The journey from crisis to stability is not yet complete. But for the first time after a long, dark night, a direction is visible. This is not the story of one individual or one party; it is the story of a state finding its footing again. The political, economic, and defensive stability taking shape today has the potential, in the days ahead, to move Pakistan from the ranks of developing nations toward those of developed ones. For a better future, the eyes of the entire nation remain fixed on those entrusted with the responsibility of the state.

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