Unraveling the Economic Quagmire: A Comprehensive Analysis of Rule of Law Violations in Pakistan

Abstract

The rule of law is a fundamental pillar that significantly influences the functioning of a nation's economy and societal institutions. This research aims to comprehensively examine the intricate relationships between the rule of law, public welfare, economic dynamics, justice systems, and societal values, specifically within the context of Pakistan. Methods: Employing a meticulously structured research approach and conceptual model, the study delves into historical factors contributing to the erosion of the rule of law in Pakistan. It identifies elements that hinder the pursuit of justice, ultimately propelling the nation toward devastation marked by widespread poverty, hunger, and despair. The findings underscore the impact of individual and collective societal attitudes, administrative shortcomings, and detrimental social norms on the rule of law. Additionally, the study highlights the obstructive role played by monopolistic business practices and a corrupt ruling elite in impeding the establishment and maintenance of the rule of law. Results: The economic repercussions of these violations manifest in financial hardships, surging unemployment rates, escalating inflation, depleted foreign reserves, a burdensome circular debt, and a precarious external debt situation. Conclusion: This research underscores the imperative need to address violations of the rule of law promptly. Doing so is crucial not only to alleviate the economic crisis but also to restore the well-being of the Pakistani population. The study advocates for comprehensive reforms targeting societal attitudes, administrative efficiency, and business practices to foster a conducive environment for the rule of law, thereby paving the way for economic recovery and societal flourishing.