Hopefully Gwadar gets build as a SEZ and these incompetents can be put to shame. All their incompetence and letting projects slips through our fingers is the growth all our neighbors have been benefiting from. Our population growth alone should have caused rapid economic growth had we had a half way competent bureaucracy.
The government needs to cut consumption by the public sector, investing in the infrastructure so private companies will have the incentives to bring business to Pakistan, as well as human capital development (education, health care, etc.) even if their is corruption, if these basic elements are correct, the country will still thrive despite a few percent off the top.
The government should incentivize a private Pakistani company to acquire the most modern coal fired power plant technology and build thee plants in Pakistan. We need to become efficient locally, so we can lower the cost of living on the people. The world doesn’t care about compensating poor country for global warming. I suspect the developed countries will try to make it harder for developing countries to industrialize so will put roadblocks in the way of building new coal fired power plants. One of the cheapest ways to make electricity.
The core requirement has to be the plants MUST use ONLY local coal.
We need a
realistic way to end all subsidies that allows the public to transition to living within their means without putting people in a position that they can’t afford to eat or send their kids to school.
