“For how long people of Pakistani shall continue to suffer political mediocrity, colonial bureaucracy and crony business cartels? Countries in Asia are progressing rapidly with investments in productivity, technology and quality of life. We can also do it if we put some merit in system,” says Haroon Sharif in his tweet on 1st March 2023. [He is a Pakistani economist who served as the Minister of State and Chairman Board of Investment from September 2018 to June 2019]. Added to the observation is the utter chaos, lack of direction and subsequent lack of policy in every department. In Pakistan, if at all there is any policy it changes from one government to the other. Entities overseas looking to invest want to see consistency in ongoing policy and legislation that lays down parameters within which an industry works. Not rules and regulations that a) change at whim and b) are tailored to the needs of ‘crony business cartels.’ For more such Opinions from the writer click here. Local authorities state that IMF has shifted goalposts on four critical points. Dawn reports,” Officials hint at ‘1998-like situation’, say foreign capitals working for Pakistan’s ‘meltdown’. This should really not come as a surprise to anyone. The … Continue reading Pakistan: a victim of the mediocratic and the cartels