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Home Op-Ed Features & Analyses

Challenges to economy and resilience

byDr. Aftab Afzal
21/11/2015
in Features & Analyses, Op-Ed
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The country has been facing various challenges, including threatened security and sagging economy, due to some unavoidable factors at home and conspiracies by external forces, especially by India against the state of Pakistan. There is a need to implement writ of the government in various regions of the country where insurgency is on the rise and smuggling of goods and drugs is threatening security and economy of the country. According to a report of the Legatum Institute, Pakistan has shown remarkable resilience against terrorism and will muddle through the myriads of vexing challenges in future. The report ranks Pakistan at 130th on the Global Prosperity Index out of 142 countries in the world. The report says that Pakistan has shown itself as a source and recipient of instability, but it has also been remarkably resilient. As a matter of fact, the conflicting reports about Pakistan and its economy seem a kind of subterranean move by India and other hostile nations to degrade one of the most powerful Islamic countries in the world.

According to the report, ever since Bhutan launched Gross National Happiness Index in 1972, many other countries followed the suit by readjusting and realigning their socio-economic programmes. The countries have included healthcare and education services, life expectancies, poverty and employment rates in the broader definition of national prosperity while the index is formulated on the logic that prosperity is more than just the accumulation of material wealth. The index comprises eight categories which are — economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital. Norway has once again grabbed the top position in the list for the seventh year in a row, followed by Switzerland, Denmark and New Zealand while Haiti, Afghanistan and the Central African Republic are at the bottom of the list in that order. With regard to Pakistan, it is behind Bangladesh and India, but good news is that it has improved its performance in four out of eight categories.

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Since the Pakistan army has started operation against terrorists, the security of the country has considerably improved while governance and personal freedom have also shown signs of improvement this year. The country has the lowest level of satisfaction with freedom of choice in the region during the last five years, but there is improvement in the personal freedom. Though these kinds of reports are prepared with specific agenda, they are warning shots for the governments in developing countries to improve their performance.

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