Monday, November 1, 2010

Post flood economy of Pakistan

According to World Bank, the direct damage of recent flood to property and crops in Pakistan will exceed $10 billion (which is more than the quarter of the country's national budget). While many of the areas of southern Sindh are still underwater many of the flood affecters are returning home in hope to rebuild their future again.

Economists are forecasting that at least $24-25 billion will be needed in order to rehabilitate the areas in stable form, but the rehabilitation process is going at a very slow pace. One alarming situation for the government is also being observed, that people are now least interested in what government is saying or doing and neither they are in hope that it will do any good for the masses.

On the other hand the economic situation of the country is getting worse day by day due to poor visions and governance issues of current democratic government. Recently SAFMA arranged a seminar on this issue and invited renowned economists of Pakistan namely, Dr. Ijaz Nabi, Dr. Akmal Hussain and Sartaj Aziz to share their views on the subject. We managed to record their version for my program "Maeshatnama".

Video shared below is discussing the pace of rehabilitation process and the concerns of the government from the journalistic point of view. Mian Shahid, commerce reporter of Waqt News is sharing his ideas on the topic with our host Syed Azhar Bukhari.



Dr. Ijaz Nabi, renowned economist and Dean and Professor of department of Humanities and Social sciences, sharing his views on the subject, that what necessary steps should be taken to smoothen the economic cycles while the country is facing both the economic crisis and rehabilitation process, in video shared below:



Sartaj Aziz, former finance, agriculture, foreign affairs minister of Pakistan and vice chancellor of Beacon House University, shares his views on the subject in video shared below.