No Result
View All Result
Sunday, July 27, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Opinion & Editorial Opinion

Imported economists

Nadeem Moulvi by Nadeem Moulvi
April 10, 2021

The problem is that Pakistan has always imported economists. These gentlemen have worked in global financial institutions, commercial banks, investment funds and corporations. They are then appointed as advisers, special assistants and ministers. We have always developed political economists who cannot make the country into a welfare state which the government has envisaged.

Take for example some of the recent appointments to top economic positions. Former Finance Minister Hafeez Shaikh is an economist of international repute with over thirty years of experience in policy making, management and implementation. He is a distinguished economist who remained affiliated with the World Bank during his career advising on economic reforms in over 35 countries. Similarly, incumbent State Bank of Pakistan (SBP) Governor Reza Baqir also held numerous positions in the IMF including Mission Chief in Romania and Bulgaria right before his employment.

We need to understand that our economic problems cannot be resolved by those who don’t understand the people of Pakistan and their problems.

They need to realize the sufferings of the masses rather than taking unilateral decisions in executive board meetings and impose them on the entire population. They would take decisions either to appease the government and retain their coveted posts or the global institutions who they remain under contractual obligations.

We cannot expect these economists to reduce interest rates to levels seen in the US or Europe. They have always hiked policy rates which traps money supply and stops it from moving towards developing trade and business. Neither will these economists ever reduce taxes because they need to generate revenue and continue with their luxuries at taxpayer’s expense. Political parties hire these technocrats not because they don’t have the expertise but because they want to continue the system. And certainly they will never reduce the cost of electricity as they are never worried about paying bills or live even a moment without ACs.

Economists have a pivotal role in developing a nation. They are the brains behind achieving economic growth, development, generating employment, controlling inflation, and reducing cost of living. Since our economists have lived a lavish lifestyle and studied from western institutes, we cannot expect them to understand our problems and reduce the burden on the masses living in abject poverty.

The prime minister only appoints ministers and advisers who serves their vested interests. They may be able to manage bureaucratic corporations, pull the loopholes and a few strings to run things smoothly but the common man suffers. The premier should realize and appoint those adhering to his vision of serving the masses and developing the ideal welfare state.

Our state institutions are supposed to serve the public but there are being run by political individuals who only provide comfort to the rich. The organizations end up running into losses and are sold off to the private sector. We are then left with no option but to expensive products from private firms. We need to develop our organizations and provide facilities. All sectors must have those who understand the situation rather than these imported economists.

Tags: adviserseconomistsImportedpakistan
ShareTweetSendShare
Previous Post

PM Imran, world leaders condole demise of Britain’s Prince Phillip

Next Post

PM’s bewildering statement

Related Stories

Opinion

From Sects to Sunnah

July 15, 2025
Opinion

Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World

June 29, 2025
Opinion

A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances

June 28, 2025
Opinion

“Run Lola Run” – More than a movie to cultural bridging

June 27, 2025
Opinion

Ceasefire or a Smokescreen? The US-Iran Next Dialogue of Disillusions

June 26, 2025
Opinion

Israel-Iran War and Supply Chain of World Economy

June 25, 2025
Opinion

Unleashed Modern-day Holocaust and the Global Collapse

June 23, 2025
Opinion

Firestorm in the Middle East: Global Stakes on Exploding Frontlines

June 19, 2025
Opinion

A Celebration of Shared Struggle and Future Aspirations

June 17, 2025
Opinion

A Strategic Leap, Not Just A Flight

June 16, 2025
Next Post

PM's bewildering statement

Trending Stories

OpenAI CEO Sam Altman (File Photo)
Technology

Don’t share your deepest secrets with ChatGPT, warns Sam Altman

by MM News Staff
July 27, 2025
File Photo
Daily Buzz

Alizeh Shah claims she is receiving death threats from fellow actress

by MM News Staff
July 27, 2025
(Representational Image)
Crime

Two fake doctors arrested after performing surgery on woman in Bahawalnagar

by MM News Staff
July 27, 2025
(Image: cinebuster.in)
Film & TV

Who is Ruchi Gujjar and what did she do?

by MM News Staff
July 27, 2025
National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Opinion

nadeem moulvi
From Sects to Sunnah
July 15, 2025
- Nadeem Moulvi
Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Rescue personnel evacuate villagers by boat from a flooded village following heavy rains in the Taunsa district of Punjab on July 16, 2025. — AFP
National

Thousands displaced, crops destroyed as floods wreak havoc in Punjab

by MM News Staff
July 27, 2025

Floods have caused widespread devastation across several cities in Punjab, damaging crops and leaving...

File photo

KP issues travel advisory amid monsoon showers

July 26, 2025
Image: file photo

Weather updates for Islamabad, other parts of country

July 26, 2025
File Photo

Another monsoon spell to begin in Pakistan from July 28

July 25, 2025
See all

Prices

National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Residents of Karachi are compelled to purchase the costliest flour in Pakistan, with a...

representative image

Gold prices in Pakistan today- Sunday 27 July 2026

July 27, 2025
representative image

Gold prices in Pakistan today- Saturday 26 July 2026

July 26, 2025
File Photo

Govt to deregulate electricity prices under new competitive energy market policy

July 25, 2025
See all

Transport News

Chakwal
Crime

Tragic bus crash in Chakwal: 6 dead, 24 injured near Dhok Sial

by MM News Staff
July 27, 2025

A bus fell into a ravine near Dhok Sial on the motorway in Chakwal,...

Charged Parking

Has the Sindh government put an end to parking fee extortion?

July 25, 2025

E-Taxi scheme launch date unveiled in Punjab

July 24, 2025
(File Photo)

Air Arabia Abu Dhabi expands operations in Pakistan with new Faisalabad, Multan flights

July 24, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Thought Box
  • Showbiz
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.