Editor Note

Editor’s Note

Emerging Pakistan - A vision for building a beaming future
Greatness will come by looking forward - untethered from the politics of the past and anchored by our shared values - and by changing our nation's future.” - Pete Buttigieg

In recent years, Pakistan has gone through disastrous changes. The future of the nuclear-armed country, with 180 million mostly impoverished people, hangs within the balance. Security threats, political instability, regional rivalries in the policy making arena, and rising religious extremist trends have added to the country's challenges. Pakistan's civil society, open media, and increasing independent judiciary provide some hope though, yet poor economic and development indicators posed serious challenges to the well-being of millions of Pakistanis. The unprecedented disaster caused by the terrorist’s attacks also have a traumatic impact on Pakistan and therefore, caused severe setback to the country’s development.

Despite all these factors Pakistan is heading towards prosperous future and I foresee positive political, social and economic reprisal. The masses of Pakistan are not expecting an economic turnaround during the current fiscal year though, yet I see initial signs of advancement towards a more realistic, market based, international ranking at certain platforms surely paving a path to country’s growth and stability in coming decade. The improvement in trade in previous years and the monthly trade gap halved from $2 to $1 billion, is an early sign of the success of the stabilization package put in place by the government. Surprisingly, the economic indicators of Pakistan sharply increased and positive trends could be observed in all national and international reports. Exports have risen by 14% and imports are compressed by 18% which seems a positive step towards the advancement. 

Besides upward trends in economic indicators, China will support Pakistan in building infrastructure, sea-ports, especially in energy sector. The corridor connects China to Arabian Sea via Gwadar Port. With the completion of this project, Pakistan's International trade would be dramatically increased. Recently the govt approved 12 special economic zones, including those associated with CPEC. 

It is naïve to expect instant results of policy changes in the economy which is complex with various tangible and intangible factors influencing the final outcome. It takes some time before the impact of changes plays out. The bottlenecks do appear which need to be removed patiently and sensibly.

As for the success, I have a strong faith in hard work and perseverance with a positive mindset and success will never be too far for a beaming future and emerging Pakistan.