Corruption halted agricultural, industrial growth

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In Pakistan, industrial growth, and nationalization of industry and agriculture is ceased by corruption and badly industrialization. When Pakistan came into it has no currency of its own, in 70 years Pakistan has achieved the status of atomic power but regretfully since 1977 corruption is spoiling this country said the speakers

Imtiaz Cheema, Ali Raza Gardezi, Tahir Javeed, Main Muhammad Ali, Mian Fazal Ahmed and Kabir Ahmed Khan were the panelist of the session. Sikindar Lodhi has hosted the seminar.

Imtiaz Cheema said that in 70 years in Pakistan failed to achieve economic stability. The reason behind this was imbalanced policies that resulted in poverty, unemployment, and terrorism. He also pointed that nationalization of industry in the 70s and Islamization in 80s and focus on agriculture improved economy, but lack stability. In Musharraf’s era peace achieved in the country but no economic growth, our public should be aware of the orthodox of rules and society. He added that corruption has ruined all organizations and only crystal-clear accountability can contribute to get chosen results.

Ali Raza said that Pakistan has emerged as an atomic power in the face of international and external conspiracies. Political instability, influential corruption, and neglecting agriculture has created chaos and ceased economic growth. For real growth, the ruler should have to concentrate on small districts and cities.

Tahir Javeed said that Pakistan is vulnerable due to inconsistent policies and weak political system, economic and social situation. He urged that consistency of politics and development of infrastructure can serve to deal with poverty and terrorism.

Main Muhammad Ali said in his talk that 60s industrialization and dams construction do improve economy but unfortunately not continued. He urged for honest politicians with constant and harmony base policies are the critical progress of the country.

Mian Fazal Ahmed said that even after 70 years the meaning of real freedom is at risk in Pakistan because of which many economic issues have been faced by the country. He further stated that Pakistan is burdened by $70 billion foreign debt that is mounting because no policy designed to get rid of this debt. Multiple national issues are due to declining in exports, widening trade deficit, poverty, unemployment and illiteracy that demands policymakers to place emphasis on primarily.

Kabir Ahmed Khan said that in Ayub Khan reign industrial revival happened, but nationalization policy of Bhutto has badly affected the industry. He added that no political involvement in national importance projects for an effective economic roadmap for the country. He said that all investors should develop economic growth policy that was not influenced by the change of governments.


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Published in: Volume 08 Issue 32

Short Link: http://www.technologytimes.pk/?p=17778