Former Chairman Federal Board of Revenue Syed Shabbar Zaidi expressed his views in a tweet blaming PML, PPP, MQM and Military who ruled between 1976 to 2018 for being intellectually corrupt. Medium- or long-term view of the country was never their point of focus and they assisted flight of assets from Pakistan. He quoted the examples of India and Bangladesh who did not have intellectually corrupted system and ultimately superseded us.
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Mr. Syed Shabbar Zaidi tweeted, “India & Bangladesh superseded us because there was no intellectual corruption in their system. PML, PPP, MQM & Military who ruled between 1976 to 2018 were interalia intellectually corrupt. They never took medium- or long-term view & facilitated transfer of assets from Pakistan.”
India & Bangladesh superseded us because there was no intellectual corruption in their system. PML, PPP, MQM & Military who ruled between 1976 to 2018 were interalia intellectually corrupt. They never took medium or long term view & facilitated transfer of assets from Pakistan.
— SyedShabbarZaidi (@SShabbarZaidi) June 20, 2022
Under his tweet, several users expressed their grudges with the present government mainly by pointing out massive currency depreciation. Some users also criticized Mr. Shabbar for not including Pakistan Tehreek-e-Insaf (PTI) in his list of intellectually corrupt parties. He replied to his tweet, “PTI has not made any policy error.”
PTI has not made any policy error.
— SyedShabbarZaidi (@SShabbarZaidi) June 20, 2022
Despite the fact that Bangladesh was born amid famine and war, in present, the country’s 160 million-plus people, packed into a fertile delta that’s more densely populated than the Vatican City, seem destined to be South Asia’s standout success.
When India and Pakistan became independent 70 years ago, they were at the same level of development, with both equally poor and wretched. But the economic gap between them has grown overtime.
India is the 5th largest economy in the world in nominal method and 3rd largest economy in PPP (Purchasing Power Parity) method. The nominal ranking of Pakistan is 48, and the PPP ranking is 24.
Varying outcomes for the two neighboring countries make it certain that the quality of institutions in India and their ability to bend rather than breaking under the burden of social divisions and instability have had a much more decisive role in deciding their fortunes.