Nadeem Malik's Exclusive interview with doctor Ishrat Hussain former Governor State
Bank of Pakistan
Nadeem malik Asked the question with dr. Ishrat Hussain!
Q #. 01: Governor’s Issues and how can we give Pakistan a better system of government or transparency,
accountability, or a system of government that will make people’s lives easier.
Q #. 02: What is the reason that we can neither be accountability nor can the economy recover? 2 years go up,
then 4 years go down.
Answer:
Dr. Ishrat Hussain says that the history of Pakistan has been divided into two parts in
this book
The first is from 1947 to 1990 and the second is from 1990 to 2015
And it shows that in the period from 1947 to 1990, there have been tremendous socks. Once
a new country was partitioned, we didn't get anything and there was no industry here. There
were no sources. Then there was the war of 1965 and then our country was broken. Then
Bhutto came and broke the National Bank, Industry, and Civil Service. And yet Pakistan was
one of the ten best-performing countries in the world. Our economy grew by 6.5% per annum
and India at that time had a Hindu rate of growth which was 3%. Poverty was on the rise in
India and low in Pakistan. And then from 1990 to 2015 Pakistan's economy started coming
down.
What is clear from the imperial evidence is that the institutions that belonged to Pakistan that
developed Pakistan
For example
Industry in Pakistan was not a name at all but a Pakistan Industrial Development Corporation
was formed. It spread the network of industries here. With its help the private sector came
back and bought the industry and got loans from IIDM for this. There were people who took
loans and paid them back and spent it.
Second, your Agriculture Development Corporation now saw that we could not feed thirty
million people. By the grace of Allah, there are 26 million tons of wheat which is more than
our own requirement.
WAPDA which built the world's largest index base work built two dams, and much more. In
this project of Pakistan, the number of engineers who were collected by the World Bank and
given jobs to them and it was said that you should spread your expertise all over the world.