Flawed economic policies

Hashim Abro

The 14th United Nations Conference on Trade and Development (UNCTAD 14), is scheduled to be held
July 17-22, 2016 in Nairobi, Kenya. The UNCTAD will provide a timely opportunity for the global community to assess the changes in economic policy needed at all levels to deliver on the 2030 Sustainable Development Agenda – and other key global commitments made in 2015. Under the overall theme ‘From decision to action’, “UNCTAD 14” will take stock of the current state of the global economy, corrective measures needed to meet the new global commitments, and the role of UNCTAD in delivering on these efforts. But in this country, we have flawed economic policies and priorities and vision and mission less economic managers. Neither they learn from such august gathering nor even do they frame market-oriented and long term economic policies. The Ministry of Commerce appoints Economic Ministers/Trade and Commerce Officers in different Embassies and High Commissions around the globe but what these highly paid and facilitated officers offer and deliver, what new markets they explore for the Pakistani products and what input and wisdom they share to the Ministry of Commerce to achieve the given targets, it is only the Ministry which can tell the half or the whole truth. Pakistan today has not an enviable economic growth in the comity of nations but it has miserable socio-economic welfare situation and our economic managers and leaders who will participate in the said conference, they will definitely advocate fatally flawed economic policies and cosmetic priorities and measures.

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