Speakers call for significance of transforming the economy and society

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PIDE 4th Think Tank Moot
PESHAWAR
Speakers from different think tanks underscored the significance of transforming the economy and society in Pakistan, emphasizing the multifaceted nature of this imperative endeavor.
The speakers stressed that addressing the challenges and opportunities faced by the nation requires a comprehensive and collaborative approach.
There was unanimous acknowledgement and praise for PIDE’s Reform Agenda, recognizing it as the need of the hour for Pakistan. Participants voiced a collective concern that if attention is not directed towards these critical issues now, the consequences may become insurmountable in the future, the speakers said.
Furthermore, they said the urgency of embracing reform for the betterment of Pakistan was emphasized, with the consensus that proactive measures are essential to avoid reaching a point of no return.
This was the crux of the 4th Think Tank Moot organized by Pakistan Institute of Development Economics in collaboration with its partners, said in a press release issued here on Tuesday.
Dr. Nadeem ul Haque, Vice Chancellor of the PIDE in his opening remarks said Pakistan, once envisioned as the next Asian Tiger, finds itself grappling with persistent governance challenges since its inception into the League of Nations.
He said despite successive governments’ promises of transformative change and substantial reforms, the efforts undertaken appear akin to attempting to bail out a sinking ship with a thimble. The enduring consequence is shouldered by the people of Pakistan, who continue to bear the brunt of these challenges, he added.
Dr. Haque underscored the crucial need to recognize the historically passive nature of the demand side for reforms throughout the country’s history. Addressing this passivity, he argued, is pivotal in fostering a more engaged and participative society as the nation seeks a path towards sustainable and impactful reforms.
PIDE Pro VC Dr. Durre Nayab delivered a compelling address at a recent Think Tank Moot, highlighting crucial perspectives on urban development and governance. Dr. Nayab stressed the paramount importance of respecting the heterogeneity of cities, underlining the need for policies that cater to the unique characteristics of each urban center.
Emphasizing the instrumental role of local governments, Dr. Nayab asserted their key position in delivering essential services, advocating for a decentralized approach to address the specific needs of local communities.
Dr. Shujaat Farooq, Chief Research PIDE, earlier, provided background on the Think Tank Moot, highlighting its role as a unique platform for esteemed partners and thought leaders to collectively address transformative and sustainable reforms.
He said that the PIDE has formulated a reform agenda “Transforming Economy & Society” identifying ten priority themes i.e., political stability, reforms in civil service, productivity and competition, fiscal management, building social infrastructure, market efficiency, etc.