Course correction for Pakistan

Course correction for Pakistan The production and innovation record of public sector enterprises runs from mediocre to poor with low productivity, dependence on government subsidies and being prone to mismanagement, says Saad Hafiz in his opinion article in Daily Times on January 17. According to Hafiz, Pakistan is classified as a rentier state, trading its strategic utility for military and economic assistance. Its tiny ruling elite has regularly rented out the country’s strategic location and burgeoning military strength to the highest bidder to maintain the economic and political status quo. The country’s early evolution into a rentier state skewed its politics, society and economy towards distribution rather than production, and authoritarianism over democracy. Pakistan re...
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