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Pakistan’s economy cannot grow without fixing corruption, unstable policies, and political dysfunction, economist Sherani says.
A Dawn article by economist Sakib Sherani states Pakistan’s economic revival is unattainable without political reform, blaming systemic corruption, rent-seeking, and unstable policies for stifling investment and growth.
The piece argues that economic reforms fail without fixing governance, citing crippling electricity costs, excessive taxes, an overvalued currency, smuggling, a $68 billion parallel economy, and regulatory chaos as key barriers.
Sherani dismisses elite-driven "creative destruction" proposals as unrealistic, stressing that businesses operate in a deeply flawed environment shaped by political dysfunction.
True economic progress, he asserts, requires dismantling extractive political structures that undermine competitiveness and innovation.
La economía de Pakistán no puede crecer sin arreglar la corrupción, las políticas inestables y la disfunción política, dice el economista Sherani.