Decentralized Economic Planning: A Path Forward for Pakistan
In a recent address, Bilawal Bhutto Zardari, Chairman of the Pakistan Peoples Party (PPP), emphasized a pressing need for decentralized economic planning. Speaking at a ceremony hosted by the Federation of Pakistan Chambers of Commerce & Industry, he highlighted that a nation’s economy can’t thrive on "sticks" or coercive measures. Instead, Bilawal advocates for a collaborative, consensus-driven approach to governance and economic management.
He urged the government to initiate discussions around creating new provinces only where there is a clear agreement among stakeholders. By focusing on areas of consensus, rather than aiming to establish an extensive number of provinces, the PPP believes that more effective governance can be achieved. Bilawal’s point is highlighted by the successful implementation of local governance structures in Sindh compared to Punjab’s recent initiatives.
Critiquing the disruptive tactics of opposition parties, particularly the Pakistan Tehreek-e-Insaf (PTI), he called for open dialogue among political factions to ensure stability. He believes that true political cooperation is essential for overcoming economic challenges and fostering a productive environment.
Bilawal made it clear that a shift towards decentralized economic planning could enhance national revenue and empower local governments. By allowing provinces to tailor their economic strategies, Pakistan can better utilize its resources and talents. This approach isn’t just theoretical; he provided the example of Sindh’s revenue collection exceeding previous federal records after taking charge of sales tax responsibilities post-18th Amendment.
His perspective aligns with a broader aim: to improve tax collection, expand the tax net, and promote human development while ensuring sustainable economic growth. Instead of relying on pressure tactics, he stated, "You attract more with honey than with vinegar," emphasizing the importance of creating a favorable environment for businesses to thrive.
Moreover, Bilawal noted the untapped potential of Pakistan’s long-standing relationship with China and the opportunities brought about by recent geopolitical changes. With the right approach, he believes, Pakistan can fully capitalize on the benefits offered by international partnerships, especially in terms of trade and exports.
Lastly, Bilawal’s vision for a decentralized economy invites us all to reflect on how we can contribute to a more cooperative and constructive environment. Engaging in dialogues and supporting local initiatives can lead to profound changes in how our economy operates. If you’re interested in exploring more about these transformative ideas and how they can impact your business or community, consider connecting with Pro21st to stay informed and involved.
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