This article was published in the Herald's November 2018 issue. To read more subscribe to the Herald in print.
i pity Mr Khan, much of his energy is getting wasted in surviving the economic crisis.
Chronic habit of corruption is past admin are to blame.
Clearly an imprudent and short -sighted approach by government
Answer is no. Because to fix economy he needs to be in-charge.
No he can't can not fix Pakistan economy
A meticulous analysis with a score of perfect ten.
With this economic team, it looks difficult....
If anyone can take us out of financial quandry and fix our economy, it is IK.
Well done, team! Suggest to increase the frequency of such pieces - how about making it a monthly article which would be more expansive?
I think Khan lacks the ability to deliver on any front. his lack of vision is the biggest hurdle. PTI as a party is so confused that whenever they are asked a question on any topic that start that the previous Govts were corrupt.. leadership is completely missing, vision is not there at all, people who want to deliver are in other parties, and whatever is left is whats running the govt these days.
Big NO NO
Only free market can fix Pakistan economy and no politician has the brain or the guts to implement it.
At least khan is trying. Trying hard with every knuckle.. It's not easy as After all who and why will anyone help pakistan for no benefits .so It's a hard battle. Hold on there keep trying there will b a beautiful dawn soon inshallah and Pakistan will b green and strong..
If IK stays for the next 10 years as PM, the economic and overall situation will improve alot.
If only such reporting was done for the past 10 years we wouldn't be in the mess Imran needs to clean up, instead the media was extolling the virtues of the PPP and the PMLN not heeding the cries of those of us who knew how disastrous the short-sighted and ill planned concoctions of the PPP and PMLN from Laptop schemes to Metros and Danish schools would land us in this mess.
@Hyder IF economy improves IK will remain in power for 10 years. Unfortunately this is a chicken and egg problem.
No, he can't fix PK economy in such a short time because it took years to clean the treasury by past govts. PK is in a mess and IK needs time to fix while helping the poor.
It can be accomplished, but with reasonable planning, and not overreaching statements. It took decades to get where we are today financially, its not going to take months to overcome it. It will be a long term process, Mr PM needs to be realistic in his speeches, in his approach, in his planning. Otherwise, all he's doing is digging his own grave(Sort o speak) He is held accountable for every promise he makes, every statement he delivers. People tend to have a short memory when it comes to politicians making promises, they will only focus on what the government didn't accomplish, overlooking at the goals achieved, especially when it comes to issues directly related to their daily lives.
From all we know about Imran Khan so far; the answer is an emphatic - NO. Imran Khan has neither the qualifications, dedication of purpose nor integrity to stay the course and take up unpalatable decisions that would be necessary to fix the Pakistani economy. He will just make grandiose, haughty pronouncements and will never follow up.
Big yes. IK is fixing the disorder of economy at present. This research report is dubious.
The short answer to the question raised is No.
Imran Khan and his advisers have no clue about economy and world trade.
Before Imran can fix the economy - he needs to fix the mind set of its fundermentalist population.
InshahAllah yes, because Imran khan has no agenda of making hidden properties outside Pakistan.
Really? A joke of the century.
I can really help in fixing this.
No one single person can solve such massive problems regardless of how able he or she is anywhere in the world.
In the end, it is the morality of its people in any nation that can improve its own problems.
Yes - the economy can be fixed. Fixing the economy should be understood in the context of the concepts of centralization and decentralization. Why does Pakistan want to be a bad imitation of the West - Europe and North America? Costa Rica has banned the use of fossil fuels, and applies a 20% import tax on vehicles. Denmark has no fossil fuel powered transportation in most cities. Centralized transportation such as public transportation (buses, trains, subways, etc) uses much less fuel than decentralized - individual transportation such as cars, bikes, etc - banning decentralized - individual transportation will save the economy much as it lowers fuel import costs. It will also minimize air and noise pollution, and bumper to bumper traffic in cities, etc. Decentralization has many applications also. Bon voyage!
There are some fundamental structural changes that are needed within the Pakistani economy to fix its problems. Whether it is 20bn, 25bn or 30bn dollars exports are far too low for a country of this size which leads to a huge balance of payment deficit. This is mitigated to some extent by remittances from overseas, hence the government's desire to see them go through banking channels. Even if this proportion was to increase, the overall level of remittances are likely to decrease in the medium term.
Fundamentally, the PM must reset the economy by: -
1. Making it much easier to invest for both services and manufacturing. This means liberalising the economy, privatisation and encouraging inward investment.
2. Shift resources from current high defence spending to education to enable a work force able to make things the world may want.
3. Increase the tax base. The current burden falls disproportionately on sales taxes and duties. The income tax net must be widened to include large farmers.
I am sure the PM knows all this, but to deliver it will require real resolve as vested interests will almost certainly work against him.
If from a cricketer, he can become PM of Pakistan .....IK can fix economy.Yes , he does not a team .... because he has not been allowed to . Right now,he is doing fire fighting for Pakistan....Once it is over...he will definitely build a better team ....a better response to negative environment....leading to a much better economy of Pakistan. If India and Bangladesh can improve ...why not Pakistan???
I doubt with the cabinet he has structured.
@SAM strange analysis,people who can fix the problem are in other parties?in which party?
those parties are responsible for this crisis.
billions of dollars they have looted.
@Jitendra Singh yes you are right,but our people want it overnight,it will take time to fix the issue and we know that he is dedicated and try his best to improve the economy but unfortunately and other parties who are responsible for the crises and our media personals trying their best to prove him fail