Economist Burki Says Pakistani Economy Adrift
Pakistani economy adrift with nobody in full charge: Burki * Economist says policy makers have no serious priorities, common man sees no sign of relief * Says period of high growth in Pakistan is over * Says government should not be held responsible for current wheat shortage Warns government against subsidizing energy WASHINGTON: No one is in full charge of Pakistan’s economy, while the political elite is preoccupied with the judges’ issue and power-sharing arrangements, according to Pakistani economist and financial planner Shahid Javed Burki. Burki, a former World Bank vice president and finance minister in the Moeen Qureshi caretaker government, told a meeting at the Woodrow Wilson Centre, at which he is a senior scholar, that there is a “disconnect” between the poor, whose prime concern is their next meal, and the elite. The establishment and the citizen are not on the same page, which is making the common man increasingly angry as he sees no sign of any serious attention being pa...