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Stor Steel
Who are responsible for retarding the growth and development of Pakistan?
Who are responsible for retarding the growth and development of Pakistan?
The structure of the Pakistani economy has changed from a mainly agricultural base to a strong service base. Agriculture now only accounts for roughly 20% of the GDP, while the service sector accounts for 53% of the GDP.Significant foreign investments have been made in several areas including telecommunications, real estate and energy. Other important industries include apparel and textiles (accounting for nearly 60% of exports), food processing, chemicals manufacture, and the iron and steel industries. Pakistan's exports in 2008 amounted to $20.62 billion (USD). Pakistan is a rapidly developing country.
However, the economic crisis of 2008 led Pakistan to seek more than $100 billion in aid in order to avoid possible bankruptcy. This was never given to Pakistan and it had to depend on a more aggressive fiscal policy, backed by the IMF. A year later, Asian Development Bank reported that the Pakistan economic crisis was easing. Furthermore it is projected that in 2010 Pakistan economy would grow at least 4% and could grow more with strong international economic recovery.
But our politicians are crazy for power, money and status, and this prevents those involved from telling the truth. If they are politicians, they are afraid that the party bigwigs will get annoyed and those they will then be sidelined or thrown out of the party or government. This compels them to remain quiet regarding all the wrongdoings and corruption they know of and become "yes-sir" persons. It takes guts and moral courage to speak the truth, and our leaders should encourage such behaviour, provided, of course, they themselves have nothing they want to hide. They should encourage their colleagues to follow such a practice. We can only move forward if party leaders weed out the cheats and liars, something difficult for them to do if their own reputation is not spotless. All wrongdoers lack moral values and personal pride and they never seem ashamed of their actions. Unfortunately, this cancer has affected the whole population, financial system and entered every walk of life.
The budget speech made a lot of noise about a decrease in government expenditures but the actual figures show a marked increase in government expenses. The expenditure at the Presidency will increase by 14 percent and that of the Prime Minister Secretariat by 13 percent. An amount of Rs 931 million has been allocated to these two houses, compared to an amount of Rs 818 million last year. This amount can sustain thousands of households for a whole year, especially the millions who live on a dollar a day. Now you can decide that who are responsible for retarding the growth and development of country.
We have a president whose only reference abroad is in the context of corruption and cronyism. Our prime minister with a 100-member cabinet has failed to provide any relief to the nation at all in whose name he governs. The claims by the leadership to mitigate the country's condition and stem the rot are greeted with scorn. Allah Almighty has cursed such people and proclaimed that they will be doomed to hell.
The budget is thus another faked document, which means a lot of numerical gimmickry and pseudo policy wizardry. In a country where the business of fakes is the only business that has experienced growth in rough times, genuine values have become a matter of scorn. With our leaders proudly owning up to fake degrees and still managing to hold on to seats of power, it is a true reflection of how insensitive we have become to this shameless loot. Only the collective resolve of a nation not ready to give in to this moral rigging can stop this leadership collusion bent on degrading the country's sustainability, sovereignty and dignity. The two crucial areas of developing any country remain on the lowest of our priorities, i.e. education and health. Pakistan's rating on the human development index is appalling; it has one of the lowest literacy rates and one of the highest maternal and infant mortality rates in the world.
If there were an international tender floated for consulting on how to retard development in a country, the Pakistani leadership would win hands down. The present budget is a classic example of this. The economy has retrenched to half its size, inflation has broken previous records, unemployment is at an all time high and basic amenities like water and energy are endangered species. With such a screaming crisis in the country, the budget merrily ignores all these areas and admits that VAT and thereafter RGST is going to enhance inflation, cost of energy is going to increase relentlessly and interest rates cannot be lowered making investment a risky business and thus unemployment an inevitable reality.
Pakistan's history bears testimony to the fact that each successive government -- whether military or civil -- has proved worse than its predecessor. There is an increasing sense of disillusionment, even despair, in the future of Pakistan. The recent stories of the fraudulent character of people's representatives and their limitless greed at the expense of the poor citizens as reflected in the sugar and flour crises and the bogus degrees have made the common people frustrated, losing faith in their own land.
About the Author
Islamabad Pakistan
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