Spotlight

Could We Pay A Little More Attention To The Economy And Not Just Amendments?

- Afsan Chowdhury

Amendments are very serious issues and need utmost attention but do they have to be all consuming? It’s so overwhelming that all that the elite want to talk about is this? It’s difficult to get extremely interested who can hire or fire since most ordinary people haven’t a clue as to what it’s all about. But to the elite class, nothing else seems to matter much since the 16th amendment appeal was cancelled. Once in a while, with an increasingly challenged economy, one wishes other matters would spark some interest. As we sit on the verge of more both difficulties as well as more opportunities, this question becomes even more pertinent.

In terms of challenges, our over dependence on just two sectors, ready made garments and remittance has created vulnerabilities. Once they were the great pushers, the generators of wealth but like most economic cycles this is on the slide and we need to recognize that. Not only has the Rmg sector shown nil if not negative growth, it faces increasing competition from Vietnam and Cambodia which are also proving to be more able to sustain their position than us.

Rmg and migrant labour dependent economy