#Jumpstarting #Pakistan’s #Economic #Development: #Lessons from #Dubai

#Pakistan can take inspiration from Dubai’s extraordinary economic transformation, which was driven by strategic policies and robust governance. A key factor in Dubai’s success has been swift judicial decisions, ensuring strict enforcement of the rule of law without discrimination without any discrimination between the VIPs and ordinary persons. Heavy fines and stringent punishments for violations have fostered a disciplined business environment, boosting investor confidence.

Another pillar of Dubai’s growth has been tax-free earnings, which have attracted global businesses and skilled professionals, turning the city into a financial hub.

To replicate this success, Pakistan should designate Karachi and Gwadar and Sialkot as special economic cities, enacting necessary legal and constitutional reforms with the urgency seen in the passage of the 26th constitutional amendment. A business-friendly environment, underpinned by transparent regulations and judicial efficiency, can unlock rapid economic development, making Pakistan a major player in regional and global trade with a GDP of over one trillion USD in just next three years.

Syed Nayyar Uddin Ahmad
+92 321 9402157
Lahore.