Pakistan Political factor impact on economy

 Is Pakistan's economy in danger? Despite Pakistan's prominence, no one knows what Pakistan's economy is.

what factors determine Pakistan's economy's direction? A few factories relocated to Pakistan following the country's division. Sadly, Quaid-i-Azam and the other founding fathers of Pakistan died shortly after its establishment.

India's shift toward the Soviet bloc following World War II prompted Pakistan to move toward the United States. The United States provided Pakistan with significant financial and military assistance to combat Russia. Pakistan's location made it a "Political Economy." A decade after Pakistan's independence, General Ayub Khan imposed martial law to the liking of the Americans, sabotaging the country's democracy.

A military dictator was more likely to carry out their orders and wishes than a political leader. In reality, Pakistan's rapid development under Ayub Khan was merely recompensed from the United States for advancing the Western agenda, contrary to popular belief. Because of this, the United States of America has always backed dictators, luring Pakistan into signing SEATO and CENTO with financial aid, grants, and other incentives. Ayub Khan took advantage of the opportunity, banned 6,000 upright political leaders like Mohtarma Fatima Jinnah, Sheikh Mujeeb-ur-Rehman, and Hussain Shaheed Suharwardi, enacted notorious laws like ABDO, and banned ABDO.

Democratically elected governments were a necessary technical requirement for funding approval from their senate, even though the United States favored dictators. As a result, as a cover for the West, Ayub Khan, and subsequent dictators established rubber stamps and managed weak political governments. Pakistan's focus on increasing its military might to confront its long-standing adversary, India, was the reason for the persistent neglect of its economy. The weak economy was entirely controlled by the superpower's whims. Due to American aid and debt, we drifted away from becoming a manufacturing economy and became reliant on imports.

In the meantime, the situation was made worse by two wars with India, which led to the devastating loss of East Pakistan. The desire to implement a particular political system resulted in the exclusion of undesirable politicians from the national scene. Politicians who had strong democratic mandates and the support of the people were suppressed through collusion, nepotism, and corruption. When it was in their interests, the superpower simultaneously overburdened Pakistan with aid and debt.

However, they completely abandoned Pakistan as soon as their priorities shifted. The weak political economy appeared to be expanding at one point and contracting at another, moving between highs and lows. The economy never had solid foundations. Pakistan could never become an exporting or manufacturing economy. The bureaucracy and military leadership could never escape the American hold. The military, on the other hand, had shaky hybrid democracies. With a Pakistan that is economically independent, rather than militarily strong, the United States could counter Russia more effectively. Consequently, the United States of America never intended to consolidate Pakistan's economy. Pakistan's semi-military government was established by Ayub Khan.

Zia Ul Haq took on the challenge of defeating the Russians with American weapons and money, following in the footsteps of Ayub Khan, and he made the most of it. Because he was carrying out the American mission and they needed him, he secretly advanced the nuclear program. At the time, the United States could not afford to put Pakistani relations at risk. Zia Ul Haq did everything in his power to overthrow his foes and set up a democratic government of his choosing. The economy remained at the Superpower's whim, with the Almighty only stabilizing it when necessary. Bureaucrats, military personnel, the judiciary, prominent businesspeople, and politicians went wild under the control of weak democratic governments. The American people refused to let the economy expand because they did not want to be financially independent. Their facilitators, on the other hand, made a lot of money.

Politicians and the establishment implemented policies that prioritized their interests over those of the public good. After they had stuffed their pockets, they changed those policies so that their interests were served. Instead of striving for economic growth and maintaining our defense, Pakistan purposefully became involved in both internal and external conflicts so that we would remain terrified of our existence.

We became terrified of India. It is truly regrettable that this political economy was not given serious consideration or action and was unable to become normal. Under the dictatorial rule, three valuable decades were lost while also remaining in the hands of weak, incompetent governments.

Under these conditions, an economist or planner cannot transform a political economy into a normal one. Pakistan is in a depression as a result of the worst economic and political crisis. A similar depression has not occurred in the past 75 years.

The level of foreign currency reserves is at an all-time low. Since LCs are not being opened, the possibility of default is very real. In situations like these, which are oppressive, external factors are beneficial. Fortunately, because of our strategic location, China, our neighbor, and rising superpower, rely on us.

These factors have the power to save us.

Pakistan's default at this time is unlikely to be stopped by China, Saudi Arabia, or the United States. China will help Pakistan transition from a political economy to a normal economy. Pakistan's economic expansion and development are of interest to China. China can convince Pakistan to join its BRI project by making Pakistan a model for the rest of the world.

Given the relationship between Pakistan and China, it does not appear to be possible, even though it is against the interests of the United States, which would never agree to this and will go to any lengths to prevent it. China's assistance with technology transfer, technical education, and industrial development will be beneficial to Pakistan's economic expansion.

By making Pakistan economically viable, China has the potential to serve as a model for 150 other nations and assist it in achieving its goal of becoming an international economic superpower. We hope that Pakistan's establishment and political leadership will collaborate, but given their divergent interests, this seems unlikely.

We beseech Allah the All-Powerful to ensure that Pakistan's and their interests are compatible. Fortunately, nature had matched the interests of a superpower with Pakistan's. We must seize this opportunity because China's technical, commercial, and economic expertise has the potential to transform our political economy into an emerging economy.