Take the example of Afghanistan, whose annual per capita income is around $300. The law and order situation in this region has been bad for a long time. Due to terrorism, presence of American and Russian forces, Taliban and many other factors, there is peace in the region.A similar situation exists in Yemen, where the interests of the Houthis, the Yemeni government and other countries are clashing and creating uncertainty. Life is safe here and neither is wealth. In 2014, its pre-civil war GDP has halved from $40 billion, and annual per capita income has fallen by a similar proportion. Similarly, Sudan, Congo and many other countries have low income and low standard of living. On the contrary, the annual individual income of Hungary is twenty thousand dollars, while in Austria, Finland and Belgium it is more than fifty thousand dollars. And other European countries such as France, Germany, Spain, etc. and many Asian countries also have similar incomes and the standard of living is also high.
In these countries, better quality of life, good education and food are not abundant because they are part of Europe or America, and because of Africa and Asia, Afghanistan, Yemen and Congo are poor. Nor is it a problem of population and resources, because the US has a large population and is also a superpower. A review of the political and economic conditions of all these countries proves that economic and political stability are interconnected in such a way that political stability is the stem and roots of the tree and economic independence is its fruit.
In all the countries of the world, where there is uncertainty of the government, political instability, terrorism, the economic conditions are also different. Even though countries like Iraq and Syria were in good economic condition at the national and individual level in peaceful conditions, war, terrorism and hopelessness have brought them down from heaven to earth. On the contrary, where the governments and institutions are subject to the constitution and the law, whether there is a democratic government or not, but there is political stability, and as a result there is peace and tranquility in the society, then the investor invests his capital without fear or risk. The wheel of economy turns and prosperity comes.
Pakistan’s economy also took off only when the government looked strong, whether it was strong in view of our “global need” or for some other reason. See the confirmation of this position in the year 1988, when Ms. Benazir Bhutto came after the election, our GDP growth rate increased from 7.59% to 4.96%. After the misadventures of the later governments, investors and businessmen had little confidence in the government and the government also started to learn and deliver, then in 1996, the problems of the PPP and the Muslim League re-emerged and the growth of 4.85% was good. It went down to one percent. And because of the uncertainty, the dollar, which was worth 35 rupees in September 1996, rose to 40 rupees in October.
Similarly, the Judiciary Reform Movement, General Musharraf’s departure, Benazir Bhutto’s martyrdom created uncertainty and then braked our economic vehicle, due to which the economic growth was 1.7% as against 4.85% earlier. Public confidence in the next government had just been restored when the allies became enemies of each other and the dollar plummeted from 60 to 80. When the new government came in constitutionally in 2013, the people became confident that the plant of democracy was beginning to flourish, and as a result, there was no problem with the change of driver in the economic journey. But the government of 2018 should have been better than before, but it was only demanded, so people felt that the government has gone now and when. The same anxiety worked and the corona virus spread.Now the players from inexperienced to experienced started to score in the economic field, when the government left without completing its constitutional term. Although this was a constitutional measure without getting into the discussion of conspiracy and interference, but this motion of no confidence has “lost” the confidence of many in Pakistan and the economic situation is now indicating bankruptcy (God forbid).
The country’s economy cannot grow in this political narcissism, because foreign investors and entrepreneurs, not even Pakistanis, will not invest their money if they fear that their capital will sink. Our government should also make some amendments in the constitution, as the term of the assembly should be reduced from five years to four years, aiming at political stability, which is the basis of the economic structure. Because most prime ministers are in their fourth year. With this, it is possible that the opposition, which has been patient for three years, can do it for one more year. If the motion of no confidence against the prime minister is successful, the assembly will be dissolved and the whole assembly will come again after fighting a new election. Because forming a government without the largest party in the parliament is legal but not moral.The procedure for creating the head of the army and some other measures so that the people, business people, foreign investors and our professionals can make this country a peaceful and strategic country and its economic vehicle. can run Because a strong economy, a peaceful society, stands on the pillars of public and stable government.
