Dr. Ishrat Hussain’s astute observations regarding the challenges stemming from frequent changes in government leadership offer profound insights into Pakistan’s political landscape. The incessant alterations in policies accompanying shifts in leadership thwart sustained development and plunge our nation back to square one. For over 25 years, Pakistan has witnessed a staggering turnover of 12 prime ministers, exacerbating political uncertainty and stymieing consistent policy execution. Dr. Hussain’s emphasis on political stability, consensus building, and meritocracy resonates as vital components for effective policymaking and implementation. Excessive dependence on external borrowings, as cautioned by Dr. Hussain, stifles the nation’s investment and savings initiatives, impeding self-sufficiency and long-term stability.

Source: The Nation November 22, 2023 07:59 UTC