Dawn News

March, 06 2015
e-paper

‘Big bang opportunity’

THIS is apropos of the article ‘Big bang opportunity’ by Dr Ishrat Husain (March 11) wherein he cited the Mexican president’s reforms to alter the country’s economic structure.

The president proposed reforms in four sectors of the economy, namely energy, tax, labour and education.

Dr Husain has proposed that the coming general elections provide an opportunity to the newly-elected (coalition) government to introduce ‘big bang’ package of economic reforms in ‘energy, tax and tariff, privatisation and restructuring of public enterprises, education, technology, competition and the civil services.’

Dr Husain expects that the economic reforms would, subject to political stability, usher in a favourable business and investment climate. This, according to him, is big bang economic reforms, provided a fundamental shift takes place in our collective mindset and a witch-hunt against the outgoing government is avoided.

Dr Husain proposes a structural change with a view to boosting confidence of investors, though also proposing to change the general mood of the country, while another expert aims at providing minimum conditions of dignified life to the majority of the people, linked to the core human values.

The society of Pakistan will not temper down unless the ‘big bang’ reforms are carried out by a combination approach of both the learned scholars. I would replace the heading of ‘big bang’ by a comprehensive social change. I foresee a strong movement for a social change a few months after the general elections.

This is because I do not see that the elite rule coming in the wake of expected elections may carry out the reforms which serve the ruling classes such as privatisation and restructuring of public enterprises and, to a degree, education and energy. But I wonder whether the future government would be able to collect tax and be able to get out of the dictates of the IMF and set a system capable of providing the minimum condition of dignified life to the majority of the people. It is too big a task for the major parties contesting the elections.

MAHMOOD MIRZA Lahore


Email news tips and feedback to News Desk, submit blogs to Blog Desk and share photos and Videos with Special Projects Desk.

More From This Section

Metro bus hazards

IT is amusing to read about conferences and seminars on climate change organised regularly when viewed from the...

Misgar valley wildlife

MISGAR valley is situated in the extreme north of Pakistan. It is the last village of the Hunza Nagar district in...

Solar energy

THE government has approved the use of grid-connected solar energy, rooftop solar installations and mortgage...

Comments (1) Closed




Mirza Imran Ahsan
Mar 22, 2013 05:18am
good on him.