Capital flight

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The Washington Post recently published an article that contended that the energy crisis is probably a bigger threat to Pakistan than terrorism. While terrorists do pose a serious existential and ideological threat, this contention is not that far from the truth. The energy crisis is not just angering the populace but pushing our economy to the brink. It was recently reported in your paper that many industries have shifted to Bangladesh because of power outages. The PM infamously asked, “Who is stopping them?” The answer it seems is actually nobody. If this trend continues and this flight of capital is not stopped, this energy crisis will be the death of industry and economic activity in Pakistan which is in itself an existential threat.

ALI IRFAN

Lahore

1 COMMENT

  1. Perhaps this is the revenge of democracy and part of Rs8,500 Billion consumed in corruption, compensation or blood money for those leaders of ruling coalition who lost their lives.

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