Lead­er­ship must to boost econ­omy

The Pak Banker - - 4editorial -

Eco­nomic devel­op­ment is­sues al­ways re­main in all dis­cus­sion of lo­cal or govern­ment level and dif­fer­ent sug­ges­tions, plan­ning be­ing done only for pass­ing the time. The pro­grammes and projects which fi­nal­ized re­mained only in files. The funds ap­proved for the up­lift projects re­leased on time and dis­ap­peared be­fore com­ple­tion of the project. Dur­ing the Ayub Khan`s regime it was South Korea that was greatly in­flu­enced by the Pak­istan`s lib­eral eco­nomic poli­cies and now the South Korea is one of the largest economies and has mas­sive in­dus­tri­al­i­sa­tion with hitech ex­ports which boosted its econ­omy to­wards sky­high eco­nomic growth rates and mul­ti­ple in­crease in na­tional in­come, which is the only path to sus­tain­able devel­op­ment. Against it Pak­istan is en­gulfed in var­i­ous crises, tu­mults, chaos and turmoil. This state of af­fairs is only due to a lack of proper lead­er­ship which is trou­bling the coun­try with no fo­cus to­wards ad­her­ence to pub­lic pol­icy and good gov­er­nance prin­ci­ples. Pak­istan has cop­per and gold de­posits in Balochis­tan and in pos­ses­sion of the fifth largest coal re­serves at Thar, and this part of the coun­try is still be­hind de­vel­oped states due to the mas­sive cor­rup­tion of the pub­lic of­fi­cials. In or­der to pull the coun­try out of this abyss, the lead­er­ship of Pak­istan must al­lo­cate at least four per cent of Gross Do­mes­tic Prod­uct for ed­u­ca­tion, hu­man re­source devel­op­ment and build up in­te­gra­tion be­tween the fed­er­at­ing units to bring co­he­sion and wipe out eth­nic dif­fer­ences. China which was at one time ad­versely af­fected with opium wars in the nine­teenth cen­tury fi­nally un­der the lead­er­ship of Mao Ze­dong trans­formed the coun­try af­ter the revo­lu­tion against Chi­ang Kaishek and later on premier Deng Xiop­ing brought in­fras­truc­tural de­vel­op­ments and en­abled the econ­omy to achieve es­ca­lat­ing heights. So it is only lead­er­ship of a state that mat­ters as a re­sult thereof that can usher the coun­try into a new era by re­struc­tur­ing the eco­nomic par­a­digm in ac­cor­dance to the needs of the peo­ple as gov­ern­ments are by the peo­ple, of the peo­ple and for the. In the case of Pak­istan, it al­ways lacks true lead­er­ship which boost the econ­omy in real sense.

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