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Dawn Editorials Jan 15 2021
Dawn Editorials Jan 15 2021
Dawn Editorials Jan 15 2021
There is a lesson for the American voter — in fact, for voters everywhere —
about the repercussions ( )۔گونجof electing a person without considering the
consequences ( )نتیجہof their choice. The US boasts a democratic system built
on the concept of checks and balances where power is shared among
institutions as well as between Washington and the states. If in such a
structured system one person can use the powers bestowed ( )رکھناupon him
through his office to run amok, weaker democracies are much more
susceptible ( )اثرپزیریto manipulation ( )دست کاریand abuse of power.
Voters may also need to keep in mind that a democratic mandate ( )فرمانis not
always a free pass. Leaders elected to office must always be kept under
constitutional check otherwise they can use the weight of their office — and of
their mandate — to force through policies that may be detrimental ( )مضرto a
society’s health. The US media has played a critical role these last four years
to keep Mr Trump under pressure by speaking truth to power. It has called
out the president for his excesses ( )بے اعتدالیdespite pressures. Therein lies
another lesson for us all.
The agency says the perceived ( )محسوس کرناrisks to Pakistan’s economy are
lower than for similarly rated peers ()دکھائی دینا, as it is a relatively closed
economy with lower dependence ( )دارومدارon exports and private capital
flows, besides limited trade and supply chain linkages ( )ربطwhich reduce its
exposure to weaker global demand. But this ‘advantage’ will also prove to be
a major snag ( )ڑی چھینٹیبeven after the world recovers from the pandemic.
The slow economic revival ( )بحالیmay hurt government finances, as is
reflected by the FBR missing its target for the first half of FY2021, with
Moody’s anticipating the budget deficit at 8pc of GDP compared to the target
of 7pc. The agency acknowledges that different initiatives ( )ابتداand fiscal
stimulus packages given by the government and the central bank helped put
the macroeconomy back on the growth track but did not fully offset the
pandemic’s impact ( )اثرon the economy. That means private credit growth
will reach only a modest 5pc to 7pc, with banks facing the prospect ( )نظارہof
rising defaults from companies and households because of economic hardship
amid the pandemic when repayment of rescheduled loans ( )قرضbecomes due
in the next few months. In other words, it isn’t time for the government to
declare victory; rather, it is time to tweak policies and undertake structural
reforms ( )سدھارنا۔to help the economy get back on its feet on a sustainable
basis.
Madressah students
EditorialPublished January 15, 2021
It should be noted that in the Pakistani context, where religion and politics are
almost inseparable ()جو جدا نہ ہو سکے, it would be next to impossible to
implement any restriction ( )حد بندیon seminarians participating in political
activities. For example, religious parties — such as the JUI-F, Jamaat-i-Islami
and more recently Tehreek-i-Labbaik Pakistan — command tremendous
( )بہت بڑاstreet power, and other ‘secular’ political forces are at times also keen
to tap into this reserve of ready recruits ( )نیا سپاہی۔for political events. Ideally,
as stated above, madressah students should focus on their education, while
political elements should not try and exploit ( )فائدہ اٹھاناthis segment of society
to achieve their goals. This applies to parties staging protests now, as well as
those who have leveraged ( )فائدہ اٹھایاthese resources in the past.
Published in Dawn, January 15th, 2021