02-21-2009, 08:28 PM
A good start Awais, I will try to address some of the issues above, although I must warn I am not an economist or hold a degree in the subject.
I think the following are the main issues we need to resolve before any thing can happen in the socio-economic front
1) Education (literacy and skills) and awareness (I guess that is happening re the Electronic media)
2) Building institutions that are not swayed by changing governments
3) Restoring foreign investors confidence (including overseas Pakistanis who have a huge role to play but are discouraged)
4) Provision of energy (electricity, gas, petrol)to industry and agriculture at subsidised rates
5) Research and development in niche industries including agriculture
6) Development of infrastructure, storage, shipping, ports
7) Instituting a fair and accountable system re provision of Justice (I am talking from an investor's point of view)
8) Political stability and moving away from 'one person' rule, towards institutions
9) Effective management and steering of economic plans (we have some really good plans on paper but these are never implemented)
10) Most important of all provision of law and order safeguarding the interests and life of ordinary citizens
Oh yes just a correction, it was South Korea that took up our five year plan model and took off in the proverbial economic sense, we were almost in that stage but of course got pulled back due to Bhutto's nationalisation and the first flight of capital from Pakistan.
I think the following are the main issues we need to resolve before any thing can happen in the socio-economic front
1) Education (literacy and skills) and awareness (I guess that is happening re the Electronic media)
2) Building institutions that are not swayed by changing governments
3) Restoring foreign investors confidence (including overseas Pakistanis who have a huge role to play but are discouraged)
4) Provision of energy (electricity, gas, petrol)to industry and agriculture at subsidised rates
5) Research and development in niche industries including agriculture
6) Development of infrastructure, storage, shipping, ports
7) Instituting a fair and accountable system re provision of Justice (I am talking from an investor's point of view)
8) Political stability and moving away from 'one person' rule, towards institutions
9) Effective management and steering of economic plans (we have some really good plans on paper but these are never implemented)
10) Most important of all provision of law and order safeguarding the interests and life of ordinary citizens
Oh yes just a correction, it was South Korea that took up our five year plan model and took off in the proverbial economic sense, we were almost in that stage but of course got pulled back due to Bhutto's nationalisation and the first flight of capital from Pakistan.
