Pakistan's Economy and Its Peculiarities 

 

Economy of Pakistan is under slow transition, though persistent! The economy is popularly considered among those across world where politicization of  economic policies is a routine matter. Economic-cum-political elites enjoy undaunted control over policy corridors which help the said elites to bag every opportunity for personal gains. Pakistan, even then, has propelled and developed under such non-conducive environment. How? 

For answering this question, we first need to know as to how Economic-cum-political elites have dictated thing till now? Following are some major in-roads,  

1. Control over the Engine of Economic Growth

Economic growth is controlled by Investments and Savings which demonstrate their selves through favorable changes in volume of output. Investing is like injecting blood into the economy, then helping it to grow and subsequently reaping the much awaited/needed/anticipated returns. Savings should be better understood as basis for investments. Savings are difficult if one do not have the stock of wealth. So, its the wealth which is going to matter. Its the wealthier who can control the engine of growth. (Think of a poor in any slum area and speculate his control on the engine in comparison with a business tycoon).      

Are not the ruling elites wealthier? They are, beyond doubts. Are not they controlling the strains of economic engine? They are, beyond doubts. So, this is how the sitting elite (industrialists) have greater control over economic growth. Worth noting, the key positions are given in to the hands of "Puppets" or the ones with "mutual/synchronized interest". 

2. Control over Public Policy Matters

 

3. Protection of the Vote Bank 

4. Control over Media (Perception Developer)