Directionless economy

Seventy years into its life, Pakistan’s economy has seen many vicissitudes and it still remains without direction. To this day, we lurch from boom to bust as if stuck in a time warp. No doubt, the above-stated content possesses real and factual dimension of Pakistan’s economic conditions back from its independence.
Hopefully, we have now started an economical project called China-Pakistan Economic Corridor (CPEC), $57 billion Chinese investment in Pakistan, to boost our economic growth. But, still the critical problems have multiplied that hinder Pakistani economists to find an economic direction. As, IMF warns that Pakistan will have to return those loans after the corridor begins generating revenues.
One the one hand, Pakistan has to payback worth $90 billion loan to China within 30years, which is really a challenging task for Pakistan. If the Chinese investments in Pakistan go useless due to our mismanagement, Pakistan would be left in the lurch with begging bowl. Undeniably, Pakistan has yet not found a required economic direction.
WAJAHAT ABRO
Shikarpur, Sindh

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