According to Dr. Farid A Maik, an ex-chairman of Pakistan Science Foundation, confusion and lack of direction prevail combined with vested interests it is a lethal combination. After debt servicing and defense expenditure, almost 60% of resources are consumed.
Saudi and Emirati efforts to position their countries as the Muslim world’s beacons of an autocratic notion of moderate Islam have done little to encourage moderation beyond their borders despite a radical cutback in decades-long global Saudi funding.
Productivity and exports are profoundly and directly proportional as the latter not only brings foreign exchange into the economy but is also indispensable for financing the desired imports and additionally reducing macroeconomic risks.
Nadeem Mujtaba, in collaboration with Michael McKinlay, highlights the advantages of digital exports for Pakistan in an interesting piece. To brighten Pakistan’s economic future, the government needs to re-structure the higher education system and apply concepts used by the military for battles!
The pandemic became a severe challenge for Pakistan's fragile economy, which is cited as the main stumbling block on the country's road of development. Despite the lockdowns and the third wave of covid-19, the economy of Pakistan has recovered strongly in FY-2021 posting a growth of 3.94 percent, substantially higher than the previous two years.
The system of meritocracy has attracted distinguished professors of international repute to join the University of Haripur. In a recent study conducted at Stanford University, USA, seven faculty members of UoH led by Prof. Gilani were listed in the top 2% of scientists of the world.
Pakistan is now accepting loans at an alarming rate of roughly PKR 16 billion per day, with this figure predicted to rise to PKR 20 billion by the end of 2022 and PKR 35 billion by the end of 2025 if the current trend continues. Because the loans are backed by statutory guarantees.
The focus in Pakistan is to promote multiple initiatives of essentially the same type in the same city or region. If we take the example of Islamabad, prioritized all-round development of one high-tech special economic zone, such as NUST-based National Science and Technology Park (NSTP).
Lt Gen. (r) Asad Durrani, a retired 3-star rank general in the Pakistan Army laments how core security matters, the NSPs at times pointed out that the incumbent policymakers and executioners, usually on post for a limited time, may not be aware of the history of the issue and its complexity
China is influencing the countries around the world through its economic policies. It is heavily investing in the infrastructure of developing countries. Goods and services are flowing from and into China because of the cheap and affordable prices.
Today, India keeps on arguing that the Kashmir dispute is a bilateral issue between India and Pakistan, and hence it can’t be brought to the international fora for its peaceful resolution. Historically speaking, it is a fact that Pakistan attested the latter in the Shimla Agreement of July.
Pakistan’s geo-economic strategy is doomed to fail if it cannot build a solid foundation. China attained consistent double-digit growth over multiple decades before it embarked on its geo-economic agenda. Other main practitioners possess vast reserves of energy resources.
