Pakistan Institute of Development Economics

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PIDE’s Charter of Economy: Petition to all the Political Leaders/Parties of Pakistan

Publication Year : 2023
Author: PIDE

Making the Case

Without any doubt, Pakistan is in on an economic tailspin, swiftly spiraling downwards. The coutnry’s economic indicators over the last seventy-two years have fluctuated widely without a clear and sustainable growth trajectory. Despite experiencing extreme economic and political experimentation, the country has still been unable to break with the ramshackle of its unstable development enigma. The country needs an instant economic roadmap to escape the current chaos.

The issue is the politicisation of the economy and consequent bad governance. Politics and Economics must be delinked if we are to take on the path of economic growth and development in the real sense of the word. Politics is messy everywhere, but in most countries, politics and economy are separated into mutually exclusive domains. Hence, a charter of the economy is the need of the time. In this context, a political consensus in Pakistan is critical because implementing this charter in letter and spirit seems highly unlikely without a broad-based political consensus. Developing political consensus and implementing the agreed-upon framework in letter and spirit is inevitable for policy consistency and continuity for at least the next 15 years.

PIDE, thus, presents its “Charter of Economy” to serve as a live document and a blueprint for future policy frameworks for long-term economic growth and development.

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