Factories are being closed and even textile sector is facing several challenges; politicians made hollow promises with masses; political manifestos are not implemented, and there is rampant corruption
From Correspondent
Khairpur, Sindh
Syed Asad Ali Shah Jillani, former Finance Advisor to Chief Minister Sindh, said on Monday that Pakistan is facing multiple economic, political and governance related issues.
Addressing a seminar on “Pakistan’s Most Serious Policy Crisis (Political, Economy, Judicial and Security) Way Forward to Recovery”, organized by the Department of Economics, Shah Abdul Latif University, Khairpur, Syed Asad Ali Shah said, “Human resource, education and entrepreneurship are baseline for the way forward for the resolution.
He said, “We are facing massive financial deficit since 40 years. Currently 40% inflation is prevailing, and as a result there is skyrocketing price hike. Food prices have increased up to 50%, and as far as economics is concerned, we have less Grass Domestic Product (GDP).”
He said factories are being closed and even textile sector is facing several challenges.
Shedding light on political crisis, Shah said political leaders, establishment and other stakeholders are divided. “Politicians have made hollow promises with masses. Political manifestos are not practically implemented, and there is rampant corruption. There is also lack of visionary leadership. There is no a transparent intra-party elections,” he said.
Asad Shah said clear political road map may be devised to redress the fundamental issues of the masses. According to him, 18th Amendment was not practically materialized.
He stressed the need to bring accountability in bureaucracy so the primary problems of masses i.e. education, health, etc. be redressed. He said it is need to concentrate on human capital and to promote entrepreneurship based on ambitions, courage and risk taking. He said different measures could be taken so the economy and political stability could be restored by strengthen power sector, institutions be functional, effective privatization measures may be taken. He said in the new age, 4.8 billion Social Media Users are active owing to technological boom.
Presently, there is digitized world, so the youth may use the technology positively. Moreover there is need to invest on human capital for change and development.
Speaking on this occasion, Prof. Dr. Khalil Ahmed Ibupoto said that it is the need of the time to restructure all the line departments to work in a better way. He advised the youth to involve themselves in the entrepreneurship rather to depend on government jobs.
Prof. Dr. Taj Muhammad Lashari, Dean Faculty of Social Sciences said that the economy of the country could be improved with the tax recovery in letter and spirit to eradicate the practice of tax evasion. “We must promote the tax culture with the help of tax net in the society.”
Prof. Dr. Amir Hussain Shar, Dean Faculty of Management Sciences, Dr. Muhamamd Saleem Rahpoto, Chairman Department of Economics, and Tooba Shafaque Rajput also spoke.
Prof. Dr. Minhoon Khan Laghari, Advisor to Vice Chancellor on Academics, Dr. Yar Muhammad Phulpoto, Ashique Ali Lashari, Ishrat Ali Mirani, Sarmad Rahat, Naseer Murad Shaikh, Engr. Faiz Muhammad Phulpoto, Dr. Ali Raza Lashari Dr. Majid Hussain Phul, Mr. Zohaib Shafqat Memon, Muhammad Aslam Palh, Umair Rajput and large number of faculty members and students attended the seminar.
Meanwhile, Prof. Dr. Khalil Ahmed Ibupoto and Syed Asad Ali Shah planted a sapling on World Environment Day at the Central Lawn of the Student Society Centre.
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