LAHORE — Only a democratic government can improve the national economy and ensure the security of the country, said Punjab Governor Salman Taseer on Nov. 9.
“Uniting the nation on one platform against terrorism is the achievement of a democratic government,” he said. “Whether it is national security or solutions to economic problems, only a democratic system can cope with these issues effectively. It is a good sign that democracy is gradually being strengthened in Pakistan and all institutions are working freely.”
Taseer said the relationship between democracy and wealth may suggest that democracy naturally leads to prosperity. According to theoretical and empirical analyses, democracy affects long-term growth and promotes good governance in a country by allowing voters peacefully and regularly to oust inept, inefficient and corrupt administrations. More efficient, successful leaders improve the quality of governance in the long term. Experts feel that political stability generates business confidence, which leads to investment, job growth and increased productivity to meet demand, all of which generates economic growth.
The governor said the entire world supports democratic development in Pakistan, particularly the international 'Friends of Pakistan’ who are offering financial assistance to strengthen the democratic system in the country.
“Pakistan is passing through a very critical phase, and…the government will make every effort to improve the country’s economy,” Taseer said.
He also said the government is committed to providing all possible support to the trade community to increase Pakistan’s export earnings. “Various measures taken by the present government to support the country’s economy are fruitful. Foreign remittances have increased significantly and the nation’s foreign exchange reserves have risen to US$14 billion, up from just $6 billion several years ago.”
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