Finally, a confession! Read in between the lines.
Failure to put economy back on track
What a country Pakistan is, blessed with everything except leadership having wisdom and commitment. Leadership does not mean only political class and it also encompasses all segments of the society, but the worst is reserved for the intellectual class.
This means, by extension, everyone in pakhanistan is an idiot and a moron.
No doubt nature is generous to bless the country with fertile land, mineral resources, blue economy, mountain ranges and glorious deserts
The most recent example is the China-Pakistan Economic Corridor (CPEC). ... but unfortunately, lack of wisdom, political point scoring and self-interest of different stakeholders are adversely impacting the mega project.
The ruling elite has turned Pakistan into an experimentation laboratory and battle ground for their egos. The first era of independence was lost to war of egos and power games. While the second era ...culminated with the accumulation of wealth in few hands and inequalities.
Socialism with Islamic characteristics was third wave of manipulation.
The fourth wave kicked off with the deception of introduction of Islamic economic system...the business class began to replace feudal class to run the economy.
A report from the Asian Development Bank confirmed...that 44% of privatised state-owned enterprises were on the same level of performance and 34% deteriorated.
During the process, the country also got plagued with corruption. The new elite class did not care for the country and looted the resources mercilessly.
PTI is relying on imported friends.Although, expat and non-resident Pakistani (NRP) culture is not new to the country but PTI has taken it to new heights.
However, the worst part of the whole story is dishonesty exhibited by the intellectual class.
In conclusion, it can be inferred that the present tragic situation of economy is due to persistent failures of the successive governments. The incompetency of the current government is making the problem worse.
So, where's the bad news?
Harami link:
https://tribune.com.pk/story/2329458/fa ... k-on-track