How would I deal with the situation?
Short term: As a country we are broke, we need to make more money. We need to spend within our means.
Long term: This country only functions to serve those with wealth and power. That needs to change. The day someone from the working/middle class can be head of state, CJP, COAS, Head of a media house etc - that day we can say Pakistan is working for the people of Pakistan. Right now the vast majority of people in power are those who's fathers, grandfathers, great grandfathers were in positions of power and influence.
Short term, i'd cut government spending, cancel non essential projects, cut all taxes on fuel, prohibit the export of food products, apart from mangoes, thats too much zulm on our overseas brothers.
I'd also create technical colleges where we give people vocational training, as tailors, lorry drivers, bus drivers, carpenters, masons, welders, electricians, plumbers - have them qualified to an internationally recognised standard (particularly of that in the gulf countries). I'd then use these people to fill the skilled labour shortages in wealthier countries. The money they send back will lift families out of poverty and we need to be enabling that at a state level.
I'd also offer 5 years tax free to anyone setting up factories in Pakistan, domestic or overseas, if they are exporters, they can have 10 years.
I'd ban the export of raw goods from Pakistan. No more sugar, cotton etc. Either create and export value added goods, or get a job driving for food panda.