Economy

Economic stability, growth and, human development are critical for realizing the Vision of Pakistan as spelled out by Quaid-e-Azam and Allama Iqbal. Economists agree that the major challenges faced by Pakistan’s economy are to increase the level of human development amidst heavy external and internal borrowing, fiscal deficits, low investments, unemployment, increasing inflation, and poor financial management. Successive governments while blaming their predecessors have made efforts to get Pakistan out of the vicious circle of underdevelopment through borrowing based economic recovery, but without achieving sustainable growth.

There is a divide in the way the role of multilateral institutions is viewed in Pakistan. There is an increasing number of economic experts in Pakistan who have criticized the way these international agencies dictate their policies. Some experts who feel that it is our own house that needs to be put in order.

Pegging the Pakistani Rupee with US Dollar is another debatable notion. Quite a few are of the view that governments in Pakistan in the past have pegged the Rupee with US Dollar to cover for their incompetence in formulating effective economic policies and it has adversely affected the balance of payments. Others feel that a free-floating rupee results in inflation.

Envision Pakistan Foundation endeavors to bring together leading experts, academicians, economists, politicians, political scientists, sociologists, and various stakeholders to work together for an objective analysis of the prevailing situation and propose viable solutions in the form of policy recommendations and alternatives to improve the quality of life of people of Pakistan.

Hence, there are several areas in economic policies that need research, deliberations, and a critical and reflective assessment of the situation to suggest workable alternatives. Envision Pakistan seeks to invite and engage the best minds in this field to work on the challenge of increasing growth and development in our country.