Falling behind - Pakistan's detoriating freedom
Seminar organized by Economic freedom Network on economic liberalization process in Pakistan hit off the ground successfully. Dr. Ayub Meher discussed the journey of Pakistan. Economic Freedom is on the way since early 1990s; however targets have not been successfully achieved because of the certain obstacles and anomalies.
The deterioration in the freedom ranking of Pakistan over the last 25 years is unthinkable because Pakistan is not a country which belongs to former ‘Communist Block’. More or less it has been associated with the ‘Capitalist World’, which is considered as the flagship of economic freedom. It can be inferred from the ranking analysis that journey of economic freedom is successfully running in the right direction, however, the speed of this journey is much lower as compare to the other countries in the world. In most of the cases, magnitudes of the factors of freedom are being improved over the time, but Pakistan’s ranking in the world is being dropped.
It is unfortunate that fairly a large number of the experts did not observed any positive change in the socio-economic status of the peoples in Pakistan after inception of economic liberalization process in Pakistan. Determining the parameters and lobbying and advocacy for economic liberalization policies are the core agendas, but how economic liberalization policies can be implemented without political bias, this is the required answer.