Sustainable growth

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DURING the first phase of Covid-19, Pakistan encountered severe economic pressures that sent poverty and unemployment rates soaring. Many lost their jobs and those dependent on daily wages had to starve for days.

Unemployment not only affected these families physically and mentally, but also risked their children’s future as many had to leave their schools due to unemployment of the guardians. Besides, unemployment and poverty also caused an upward trend in urban crime rate.

All these are indicators that the national economy is not in a position to overcome unexpected shocks, and there has to be a long-term plan to set things right. The only solution is economic growth that may be sustainable in its texture and approach.

Muhammad Ammar Shaikh
Karachi

Published in Dawn, December 20th, 2020

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