Achi news desk-
Despite a journey of 77 years, Pakistan is still going through a critical phase as back-breaking inflation, huge utility bills, heavy taxes, corruption and mounting external debt keep the common man down but surprisingly the powerful elite and amidst the economic crisis in the country. Watan Aziz segment, foreign assets of leaders are increasing.
This situation attracted the attention of foreign educational institutions as they decided to teach it as a “case study” for potential leaders and managers of the future.
A case study titled “When will Pakistan’s ‘Critical Turn’ end at 75?” Professor Alberto Cavallo, The Business, Government and International Economy – to be used at Harvard Business School in Spring 2024.
Read more: Pakistan expresses deep concern over tensions in the Middle East
According to the Financial Times World Ranking 2024, the school’s MBA program was ranked 11th.
Case studies are a common teaching method in business schools and are used by teachers to present a real life example to students, followed by a discussion on how to solve problems faced by the organisation.
This case study refers in its title to Nazuk Mor, a phrase often used in political sloganeering to describe Pakistan’s ongoing problems with political instability, and ever widening economic circles.
Since its creation in 1947, the country continues to face the same problems in 2024, including a bailout from the International Monetary Fund (IMF), loss-making public institutions, and high inflation.
Following the February 8 general elections, the country’s government led by Prime Minister Shehbaz emerged amid allegations of “massive rigging”. Reviving the country’s economy is the PML-N government’s biggest challenge.
The cash-strapped country’s newly elected government turned to the IMF to prevent default.
Last month, Pakistan and the IMF reached a staff-level agreement on the second and final SBA review of $3 billion, which, if approved by the global lender’s board, would provide about 1.1 billion dollars to the South Asian nation.
