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A case of System Failure

The economic crisis that has hit Pakistan is a case of system failure. It appears that good governance is something unknown to the governments, in-charge of the state affairs. It is the interplay of six main principles. A government that can plan ahead, comes to power through a sound election procedures and consists of committed leadership, has an effective system of accountability through Public accounts Committee and Auditor General of Pakistan, is supported by State Bank of Pakistan serving as an independent watchdog of state’s finances, is backed by Central Board of Revenue the is free of corruption and has a highly efficient institution of Ombudsman. The state system functions to full capacity without facing breakdowns provided these six principles of statehood are permitted to work hand in glove with each other. Any one of these failing to fit into the network makes the rest of the constituent elements ineffective. They all work together with reference to each other. If they do so a state of perfect good governance is achieved otherwise conditions of turbulence, anarchy and chaos overtake the country. One reason why they have never been able to attain an ideal practical form in Pakistan is the feudal system that has been in vogue ever-since its inception. The Election procedure brings into power members of same dynasties election after election. Under this system true representatives of the people can never dream of getting into the Assemblies or the Parliament. As soon as the feudal become MPAs, MNAs and Ministers they forget all about the common man and look after their own vested interests. That is the main reason why ever-since independence Pakistan has never been able to secure national integration, economic, social, political stability and has always vainly wished for inter-provincial harmony. Separation of East Pakistan was one of. the unfortunate consequences of this very state of affairs.

Inside the Topic

Plight of the Economy, Causes of The Economic Debacle Disequilibrium between demand and supply, Urban indebtedness, Spending spree by the government, Negligence towards energy requirements, Six Principles of Good Governance, Planning Ahead, Fair Elections, Accountability by PAC and AGP, Role of State Bank of Pakistan, Transparent functioning of CBR, The all pervasive institution of Ombudsman, Poverty, A case of System Failure, Conclusion, and others.