Tuesday, June 1, 2010

Current Crisis in Pakistan - Possible solutions

Pakistan is the world’s first Muslim nuclear-armed “failed state”. The country’s current situation is as terrorist bombings, uprising of Islamic fundamentalists, a weakened democracy and a faltering economy. Every day that passes things get even worse and economy is in down spin. Relations with India were recently on the road to reestablishment after years of conflict over Kashmir issue but received a quick setback after the recent attacks on Mumbai. Before that Pakistan was facing the consequences of the 9/11 accident whose blame is also on the shoulders of Muslims. The situation in Pakistan is very bad or one can say on the edge. Said by one US official “No money, No energy and now No government”.
Pakistan is facing now-a-days existential crisis on its streets, its courts, and its parliaments. Most democracy experts say that the system needs informed and educated masses. Fortunately no one Pakistani political leader denies with this fact but unfortunately these same politicians don’t even help a little to make Pakistanis to read and write.
Pakistan necessitates a lead which has determination, optimistic, and act as a catalyst for it. Basically it is a time of showing new ideas and creativity in building the ruined relationship with whom who are the true friends of Pakistan. With other vital problems Pakistan is facing the high inflation rate along with unemployment & lack of investment.
The most unfortunate aspect of the Pakistan’s crisis is that the judiciary was always kept under restrain by all successive governments. The doctrine of dichotomy of powers is the essence of our Constitution. In reality, this system could not be developed because of regular military invasions. For more than 32 years, i.e. more than half of its life, Pakistan had remained under the rule of different military generals. This one man rule has extended the authority and powers of executive more than the system of dichotomy required. It is very painful to note that the judiciary in Pakistan has extended authority to military rulers to legislate and even to amend the Constitution. 
Inflation remains the biggest threat to the economy, jumping to more than 9% in 2005 before easing to 7.9% in 2006. In 2008, following the surge in global petrol prices inflation in Pakistan has reached as high as 25.0%. In 2009 it jumped to 30%.The central bank is pursuing tighter monetary policy while trying to preserve growth.
While Pakistan has some social and political problems, it has also been stated as being the tourism industry's big thing. Pakistan has diverse cultures, people and landscapes. The country's attraction range from the ruin of civilization such as Mohenjo-Daro, Harappa and Taxila, to the Himalayan hill stations, which attract those interested in winter sports.
The romances of the North West Frontier Province is timeless and legend. Punjab province has the site of Alexander's battle on the Jhelum River and the historic city Lahore, Pakistan's cultural capital, with many examples of Mughal architecture such as Badshahi Masjid, Shalimar Gardens, Tomb of Jahangir and the Lahore Fort. Before the Global economic crisis Pakistan received more than 500,000 tourists.
In 2009, The World Economic Forum’s Travel & Tourism Competitiveness Report ranks Pakistan as one of the top 25% tourist destinations for its World Heritage sites. Ranging from mangroves in the South, to the 5,000-year-old cities of the Indus Valley Civilization —Mohenjo-Daro and Harappa.
Pakistan receives economic aid from several sources as loans and grants. The International Monetary Fund (IMF), World Bank (WB), Asian Development Bank (ADB), etc provides long term loans to Pakistan. Pakistan also receives bilateral aid from developed and oil-rich countries. In November 2008, The International Monetary Fund (IMF) has approved a loan of 7.6 Billion to Pakistan, to help Stabilize and rebuild the country's economy. More recently the govt. of Pakistan received an economic aid of US $5bn dollars out of which the US pledge of $1bn was described as a down-payment on the previously announced $1.5bn already promised to Pakistan for each of the next five years.
The European Union promised $640m over four years, while reports said Saudi Arabia had pledged $700m over two years. Overall Friends of Pakistan had pledged $1.6 billion in aid, which would help Pakistan, move forward on its way to self-reliance. In my opinion, Pakistan should focus on the self-blessing providing to it by Allah such as its major crops, minerals and the other hidden powers present within its human capital.

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