Economic cost of impeachment

Investments are on hold due to the situation, which has started badly hitting an already beleaguered scenario of employment in the country. A virtual halt, more than just slow-down in the real estate, and construction sectors, has massively increased unemployment, especially at the level of daily wagers. Moreover, frequent rains across the country have been further dampening the chances of earning for them. Therefore, poor of the country are pushed to the wall and are living hand-to-mouth due to prevalent crises ushering one into another.

The long cherished democracy brought them nothing but a price hike, rupee devaluation, halted investments, massive load-shedding of energy utilities despite skyrocketing prices and, last but not the least, a deteriorating law and order situation.

Economy managers may play gimmicks once again at the time of six-monthly or yearly estimations of the macro-economic indicators to portray them on track if they aren’t on target. Micro-economic symptoms, especially in practical terms, are sufficiently presenting a doomsday scenario. The concept of democracy for development has already gone back to the shelf at least for the contemporary case of Pakistan’s political economy.