Opportunities: The Role of State (Panel Discussion)

Muhammad Mohsin Khan, Gonzalo Verala, Omar Gilani and Ahmed Qasim
Additional contact information
Muhammad Mohsin Khan: Director IMSciences, Peshawar.
Gonzalo Verala: Senior Economist, World Bank.
Omar Gilani: Partner at The Law and Policy Chambers, Advocate High Court.

The Pakistan Development Review, 2022, vol. 61, issue 1, 128-130

Abstract: The whole debate of the state versus markets is completely irrelevant and outdated today. Every country needs to have a strong and effective state alongside a vibrant and dynamic private sector working together. Also, both the government and the private sector must listen and take on board the civil society to undertake initiatives successfully. Youth & Jobs: Almost two-thirds of our population is in the age group that contributes to the youth bulge. To prevent the youth bulge, from turning into a youth bomb, jobs must be created for the youth or at least let them create opportunities themselves. Evidence suggests that it costs around Rs. 950,000/- to create a job in government relative to Rs.150,000/- only in the private sector. Given this, job creation should be left to the private sector, with the government focusing only on ensuring an enabling environment.

Date: 2022
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