s an educated labor force that can deploy the existing capital productively. The major setback to growth is the lack of human capital that can absorb technology and the experiences of other countries to leapfrog a number of developmental stages Which is what Pakistan needs to do to undo the damage done by the colonists. It is people that make the biggest difference, not the capital hat they are using, since assets are just a means to an end. On the other hand, expanding good-quality education can create islands of skill wherein important skills in various key disciplines can be developed so as to push up the growth rate. To support this, I believe that all investments in, and incomes from education should be exempt from taxation. Furthermore, money saved from debt-servicing could be used for public sector investments in agriculture to enhance yields per acre in essential food production, thereby placing a constraint on the drain of foreign exchange being used to purchase imports of agricultural commodities like wheat and edible oils. This would make these vital food products cheaper and more accessible to the poorer citizens going some way to reducing hunger. As wheat and ‘ghee,’ (a local edible oil), are major mainstays of the local diet, they should be made completely tax-free and subsidized, so as to further cheapen their prices. I feel that this would go along way towards lightening the burden on the poor.Investments in agriculture are also critical as it continues to be the mainstay of the economy and provides a livelihood for a large majority of the population. It can also play a strong role in supporting small-scale industry and in checking rural-urban migration. If the military decides to impose these policies, or policies similar to these, Pakistan may have a hope of avoiding what appears to be an inevitable crash of its economy. The situation of the poor and under privileged could also be alleviated eventually as l...
