Unfortunately, Pakistan has now engulfed by multiple crises at each front ranging from political instability to highest brain drain. At one hand, Pakistan surviving economic adversity caused by Climate calamity in the form of recent floods that cost our Gross Domestic Product (GDP) growth about $50 billion in direct and indirect losses, while on the other hand political instability – that is worsening day by day since the ouster of Imran-led PTI government back in April through a No Confidence Motion by 13-Party alliance of PDM – pushing country into further economic disaster.
Country’s situation is seemed to be pushed in more crises if KP and Punjab Assemblies are stand dissolved this Friday as announced by PTI Chairman Imran Khan on Saturday what he claimed having full confidence of respective Chief Ministers in doing so. Division on political motives is not an unusual phenomenon, this time some believe if Imran Khan was loyal to his plans what he is constantly propagating through national media then he could have dissolved Provincial Assemblies with immediate effect. But, Imran Kham’s loyalists always believed in their leader’s plans what entitled by them as surprise.
PTI Vice President Fawad Chaudhry said the Pakistan Muslim League Nawaz (PML-N) would not use its “subsidiary” Election Commission (ECP) to run away from elections. Taking to Twitter on Sunday Fawad wrote “they are afraid that the PML-N might try to escape the people’s Court with the help of its “partner” ECP.
In such circumstances government has the option of tabling a No Confidence Motion against Chief Minister Pervez Ealhi in the Punjab Assembly to block PTI’s move to dissolve PA but by doing so government would leave Imran Khan as a hanging sword at its head and No Trust Move will also uphold Imran’s will of not letting-up Provincial governments. While there is also possibility of PAs dissolution on 23rd more than ever that stuck federal government between the odds.
Moving to Pakistan’s brain drain situation that has intensified in 2022, as more than 750,000 educated youth chose to seek employment overseas mainly because of uncertain economic and political situation amid a shrinking job opportunities in the market.
According to official data released by the Bureau of Emigration, 765,000 educated youth left country for overseas opportunities this year, nearly triple the 225,000 departures in 2021 and 288,000 emigrants in 2020. Among those left the country are over 92,000 well educated professionals like Doctors, Engineers, IT Experts and Accountants.
According to the statistics, an overwhelming majority of the emigrants went to the Middle Eastern countries, mainly Saudi Arabia and the United Arab Emirates (UAE). Among the European destinations, the preferred choice of the Pakistanis appeared to be Romania.
Coming to default risk, even PML-N’s top economic wizards, the current and former Finance Misters Ishaq Dar and Miftah Ismail have been in clash over country’s default on paying foreign debts.
In a recent media interaction Mr. Dar argued that the country’s performance criteria were up to the mark and “complete” for the International Mone¬tary Fund’s (IMF) ninth review, Mr. Ismail insisted that the default risk wouldn’t subside unless the Fund came to the table.
To address these all challenges, the first and foremost factor is political stability that can be attained only if political parties and country’s influential sectors across the board sign an agreement that can ensure smooth flow to general elections and laydown foundation stone of acceptancy of elections’ results. Such a commitment is eminent and needs to be signed instead of blame game rhetoric.