What do you think the current economic situation, currency devaluation, inflation impact of taxes & energy crises will produce? - apart from deprived real-estate investment position, closing of small scale industries & businesses, it gives birth to social unrest.
The global financial crises has have raised many eye-brows of busy businessmen who once thought that the given geo-political situation will not effect their lives. Since then, not only individuals but institutions & Govts. have diverted their funds to safer investments, like gold, for rainy days. Some analysts say that the economic crises was a self-created havoc by the big bankers to suck more money from the Govts. in the name of bail-outs because after so much hue & cry end-of-the-day these banks are still there enjoying their authoritative positions. Whatever the case may be, but it has changed the way people think & their life style. So much global commercial inter-dependence demands a peaceful environment. (Just to remind you that the 2nd world war was the outcome of the great recession of 1930s). The inherent phenomenon of ‘urge to dominate’ stimulates opponents’ reactions. The present situation triggers for safer measures to be taken in the economic decision making & self-reliance.
However, present economic situation in Pakistan is becoming adversely surprising. Demand is ever increasing as the country of over 180 million people require basic necessities whereas the productivity & growth rate has fallen leading to beg for the necessities at the state level. In simple words nation is forced to fulfill its basic needs from ever-soaring internal & external loans. I can balloon-up this issue and can link this with the present ethico-geo-politico-socio-economic problems of our homeland and can start condemning govt. leading to some specific personalities which mostly people are doing these days over the net and the media. Some people feel by this way they can get self-satisfaction; it is proving to be wastage of energies. May Allah shower His Blessings upon responsible people & may Guide them the righteous path; however, unfortunately this was not evident in the recent federal budget. Health, education & employment was not even touched what to talk of big projects & supporting industries.
It would be an honour to hear from friends good suggestions as to how eradicate this situation & overcome our in-efficiencies. In this regard I have personally observed in my last year’s visit from Brussels to Paris by train… I met an Indian who was working with the European Union Commission for accelerating international trade & exchange. I wonder how their govt. is strengthening their already deep-rooted ties with developed nations even to the personal levels & gaining support as well as the business. Same is badly required by Pakistan at a faster pace from west, middle-east & the far-east & I wish that the Pakistani educated intelligentsia should come forward with a positive move & can provide suggestions if we have to bring a soft -revolution otherwise its hard-core version is dying to show its face.