Tag Archives: growth

Addressing the challenges – a short term agenda

Raza Rumi

Strange things are happening. Two months after a natural disaster hit millions of people and created essential prerequisites for an economic meltdown, the focus of Pakistan’s ruling elite — elected and unelected — remains on power politics. As if the utter lack of preparedness to cope with a disaster was not enough, the response to the disaster and its monitoring by a holier than thou media is baffling.

The primal cause of the post floods mismanagement, if were to believe the analysts on prime time TV and opinion piece writers from the press, is the corrupt clique headed by Mr. Zardari. Those with the most religious bent of minds have cited a divine wrath as a cause of this calamity. A few right wing newspapers have even blamed the United States and India to have caused this natural disaster to punish Pakistan for its nuclear weapons. The genesis of such intellectual confusion and distortion of public debate lies in the way the Pakistani mind has evolved into a hydra-headed, paranoid and militarised being. This has been the greatest contribution of the Pakistani state to shape and craft a society that places a premium on nuclear weapons over citizen welfare and which demonises the political process and celebrates religious militancy as a just cause. This is why militarism of a softer variety is back in full force.

Undoubtedly, Pakistan army has done a tremendous job in rescuing people and ensuring that relief efforts are well-executed. However, this is neither unusual nor a matter of surprise as it happens to be an organised institution. But to apply this success in an emergency situation by a force trained to deal with urgent situations onto the domain of national governance brings back the central issue of Pakistan’s statehood: the unresolved and now perhaps a permanent civil-military imbalance. It started with the TV channels eulogising army efforts and creating a binary between the army and the civvies — a half truth and a rhetorical polemic with little substance. This was followed by calls for army intervention by the MQM and its nemesis, Mr Imran Khan. Luckily, for Pakistan the Generals appear to be in no mood to intervene and rock the applecart. Well, at least for now. Continue reading

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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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