Synopsis of Political Instability and Economic Stagnation in Pakistan

Abstract

Pakistan was orphaned in its infancy and the political instability supervened after the sad demise of founding father of Pakistan. Consequently, the state institutions remained weak, vulnerable and torpid. Economy suffered on the other hand. The state with achieved as a result of democratic process at that time and it failed to take roots. The combination of low productivity, heavy debt burdens, political instability, and economic mismanagement has created a challenging environment for Pakistan's economy. Without significant reforms and a shift in policy direction, the prospects for recovery and growth remain bleak. The vicious cycle of instability and low productivity with issues of governance had hampered the development of country. Political maneuvering had always destabilized the state institutions the constitution and politics. Political instability has led the state towards governance crises, economic disruption, constitutional breakdown and malfunctioning of state institutions. Consequently, the people have a perception that politicians are not working for the inordinate advantageous. Gerrymandering and voter suppression prevailed which undermine the integrity of electoral process. Sinking state existence in the economy, addressing business environment constraints and continuousness of sound policies and planning are required for a sustained economic recovery. Over the medium term with higher real incomes, better jobs and lower poverty the socio-political stability and consolidation of democracy is essential.