The past few months have seen a flurry of activity in both the political and economic sphere in Pakistan. The new government has yet to deliver its promise of a Naya Pakistan primarily because of the problems it has inherited. From the price of the dollar reaching new heights and the burden of debts refusing to cease, Pakistan is currently in deep waters in terms of economic stability.
Despite the ever-growing list of problems, there might still be hope for Pakistan to emerge as a semi-rich country like Malaysia.
Although many speculate the CPEC program would help in this process, critics disagree. The truth of the matter is that the success of a country doesn’t hinge on a single factor and definitely not on foreign reliance.
Take Malaysia for example. Mahathir Mohamad played a major part in the part in the development of his country without reliance on Chinese projects although being offered them. Instead, the government devised ways to use the resources available to them (palm oil and tin in this case) and focus on the export of them.
At the end of the day, it isn’t foreign projects that can help our country flourish economically; it is the government economic and education policies. Pakistan is a country that is blessed with resources and the only way to rise to a semi-rich status is to adequately utilize them for export and trade.