Institutional fragmentation leads to inconsistent policies, investor confusion
Two experts said that the central bank might signal an increase in the rate in the next monetary policy meeting to be held in May 2021. PHOTO: FILE
In the cacophony of Pakistan's economic discourse, where inflation, debt and International Monetary Fund (IMF) negotiations dominate headlines, some of the most critical issues remain conspicuously absent.
These are not the loud crises that make it to talk shows or budget speeches, but the quiet, structural deficiencies that silently erode our economic potential. If Pakistan is to chart a sustainable path to growth, it must confront these ignored fault lines head-on.
First and foremost is policy incoherence and institutional fragmentation. One of the most damaging yet under-discussed issues is the chronic incoherence in economic policymaking. Ministries and departments often operate in silos, with overlapping mandates and conflicting priorities. The Ministry of Finance, Planning Commission, Board of Investment and provincial governments frequently pull in different dire
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