Daily Archives: April 1, 2010

Pakistan’s economy: Hard times

by Raza Rumi

Two years after the civilian government took office, there are few signs of economic recovery and this does not augur well for the fate of democratic governance in Pakistan. We are somehow doomed to bear the brunt of authoritarian regimes in social and economic terms. By the time a civilian government puts its house in order, the long and short marchers are ready to take over. The story this time has been no exception. Following the trends of the 1960s and the 1980s during the Musharrafian decade, unsustainable growth rates were touted as the raison d’etre for the apparent efficiency of a military regime. It is true that the Musharraf era inducted Pakistan into the globalized economic system, boosted domestic demand for consumer products and attracted huge doses of foreign assistance shortly after the military decided to ditch their erstwhile strategic allies, i.e. the Afghan Taliban. But it left the country in dire straits – bankrupt, politically polarised and mired in the worst inflation of our times.

The signs of economic fatigue and food inflation had appeared during Musharraf’s last year in power. An unprecedented energy crisis also plunged the nation into literal and metaphorical darkness and the global recession caused an economic slowdown all around. Consequently, from the high growth-rate of 6 percent, we were in the lowest growth category, even in the poor South Asia region. A 2.2 percent growth rate implies that our current population increase per annum is untenable. Similarly, the highest ever recorded inflation of nearly 25 percent in 2007-2008 also hit the fixed-income citizenry and the millions of poor, depriving them of basic sustenance. Continue reading

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The House Of Fear – Book Review

By Yasser Latif Hamdani

The House Of Fear
Ibn-E- Safi
Translated by Bilal Tanweer
Random House
228 pages
Rs195 (Indian)

Random House India have brought to life and into the English language the fast paced adventures of Pakistan’s Sherlock Holmes and James Bond rolled into one: Ali Imran MSc, PhD (Oxon) aka X2- the super sleuth whose act as a fool is a cover for his sharp intellect which is utilized by the intelligence agency to its fullest. Created by Asrar Narvi who wrote under the nom de plume of “Ibn-e-Safi” (his father’s name was Safiullah), the Imran Series and its forerunner “Jasoosi Duniya” (Spy World) won praise from none other than the great Agatha Christie herself. Continue reading

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A Giant Leap Forward for Pakistan!!

Posted by Raza Rumi

What an incredible achievement by Pakistan’s politicians, comparable to the historic national consensus reached in 1973 under the leadership of Prime Minister Zulfiqar Ali Bhutto when Pakistan’s Islamic, Federal and democratic constitution was voted in. Now 37-years after that, Pakistan’s politicians have done the entire nation proud once again, this time under the leadership of President Zardari and Prime Minister Gilani, by adopting 18th Amendment to the same Constitution by the same or higher degree of consensus (when all political parties, small or big, provincial or national, bar none) have come together. These leaders have decided to do away the massive damage done to the constitution (and the national fabric) by military dictators over the years – by Zia and Musharraf. In one sweeping motion, with more than 100 changes in different articles of the constitution, most of the original spirit embodying the parliamentary and federal structure of the constitution is being restored. The biggest change is in granting of long-delayed provincial autonomy by abolishing the Concurrent List as was demanded by the smaller provinces and in renaming NWFP as Khyber Pakhtoonkhawa, thus restoring the Pakhtoon (or the Pathan) identity of the Frontier province after 250-years of its desecration begun by the British and perpetuated by Pakistan’s military-dominated establishment. The Concurrent List should have been abolished by 1983 under the 1973 Constitution but it took 27 additional years.

Congratulations to all. Pakistan would be a stronger, prosperous and more stable a country as a result of what happened today. Continue reading

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