Planning and economic growth | Pakistan Today

Planning and economic growth

Mr Tarin has outlined an extremely pressing issue. Over the years, disparities between the rich and the poor have sharply increased, with the rich getting phenomenally richer and so on. If we trace back the history, we see that recession has affected the rich as well, but they rebounded very strongly from all the downturns. We can say that capitalism to some extent does have the capacity to restore economic balance, if used in the right manner. The economic problem and the uneven distribution of wealth in Pakistan can only be minimised if the middle and lower income groups also participate fully in the economic process instead of relying on the political and strategic institutions.

Babar Nizami

The writer is Chief Operating Officer, Pakistan Today. He tweets at @bnizami.

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