No wonder 64% of the youth want to leave Pakistan due lack of respect for the system and lack of trust.” 16 Challenges for Pakistan’s Economy and the Way Forward He concluded that the protocol and luxurious lifestyle of politicians and policy leaders had a price, and the country was paying that price. [...] “The government needs a paradigm shift and reduce its excessive involvement in all aspects of the economy.” Job Opportunities for Youth Mr Sharif emphasised the urgency of addressing the employment crisis faced by the young population in Pakistan as the investment-to-GDP ratio was low and insufficient to support economic growth and job creation. [...] He gave the example of Saudi Arabia’s willingness to purchase 49% of the National Bank of Pakistan and the Qatari offer to buy LNG plants for USD 4 billion and yet the state was not willing to divest these assets. [...] Dr Chohan stressed that the Constitution must particularly pay attention to the relationship between the Centre and the Provinces because due to weaknesses in the 18th Amendment, the country had become ‘a confederation of banana republics.’ “The number of provinces should be increased, in consonance with population distribution, to improve administration and management issues in the country.” Smal. [...] He was of the view that in order to earn dollars and increase exports, there was a need for an industrial base, but Pakistan lost its industrial base due to the policy of nationalisation in the ’70s.
Authors
- Pages
- 46
- Published in
- Pakistan
