Article Type

Article

Description

BROADLY speaking,Pakistan’s economic policies in the 1960s and since 1977 have been fairly consistent, although their execution has left much to be desired.

So, considering that the thrust of economic policy has been fairly constant (except for nationalisation in the 1970s) the variations in economic output need to be explained.

The dominant narrative ofPakistan’s tumultuous and uneasy political journey since independence has comprised the precarious nature of civil-military relations that have caused severe damage to democracy in the country. This is true. However, what needs to be added to this narrative is the enormous cost to the economy in view of the frequent changes in the political order and transitions from one government to the other.

These changes have proved to be painful and the political instability associated with them has derailed the economy too many times. From an economic viewpoint, there have been several turbulent periods in Pakistan’s history.

Publication Source

Dawn

Publication Date

11-2-2009

Pages

1-3

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