Beyond diplomatic victories

In "Beyond Diplomatic Victories," Dr. Hafiz Muhammad Usman Rana argues that while hosting events like the Shanghai Cooperation Organisation summit enhances Pakistan's diplomatic profile, such engagements alone are insufficient to attract substantial foreign investment. He emphasizes that investors prioritize a stable, business-friendly environment characterized by macroeconomic stability, transparent regulatory frameworks, and robust infrastructure. Rana highlights Pakistan's economic challenges, including high inflation, unemployment, and a significant public debt, which deter investment. To transition from aid dependency to sustainable economic growth, he advocates for comprehensive reforms: simplifying tax structures, reducing bureaucratic hurdles, ensuring policy consistency, combating corruption, and strengthening the rule of law. These measures, he asserts, are crucial for creating an environment conducive to long-term, private investment and economic prosperity.