Pakistan, Feb. 2 -- An economy's trajectory is significantly impacted by its political instability. Pakistan is no stranger to the ailment with political crises playing a recurring role in the history of the country since its inception. This is evidenced by the fact that in the 77 years of its existence, the country has yet to see a prime minister completing a full five-year term in office. Instead it has fallen prey to frequent and premature toppling of civilian governments, disputes among political parties and struggles with maintaining democracy. This political unrest has disrupted democratic transitions bringing about uncertainty and inconsistency in policy-making and their execution.
The period from 1947 to 1990 saw an average annual ...